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Energy consumption and economic growth in Pakistan : a causality analysis | |
Author | Mahmood, Arshad |
Call Number | AIT RSPR no.ET-10-02 |
Subject(s) | Energy consumption--Pakistan |
Note | Submitted in partial fulfillment of the requirements for the degree of Master of Engineering in Energy |
Publisher | Asian Institute of Technology |
Series Statement | |
Abstract | This study examines causal relationship between energy/electricity consumption and economic growth in Pakistan for the period of 1971 to 2007 within a multivariate framework by including labor force and capital variables. The bound test provides evidence of co integration in energy/GDP model when capital is used as endogenous variable and in electricity/GDP model when electricity consumption, labor force and capital are used as endogenous variables. Causality Results indicate that GDP cause electricity consumption, labor force and capital; labor force cause electricity consumption whereas capital and labor force have bidirectional causal relationship in the long run. For short-run, there exists unidirectional causality running from economic growth and labor force to both energy and electricity consumption and from economic growth to gross capital formation. There is also evidence of feedback causality between electricity consumption and capital. The analysis implies that both in short-run and long-run energy conservation policies can be implemented without having any adverse impact on economic development of the country and thus sustainable future with less CO₂ emissions may be feasible |
Year | 2010 |
Corresponding Series Added Entry | |
Type | Research Study Project Report (RSPR) |
School | School of Environment, Resources, and Development (SERD) |
Department | Department of Energy and Climate Change (Former title: Department of Energy, Environment, and Climate Change (DEECC)) |
Academic Program/FoS | Energy Technology (ET) |
Chairperson(s) | Marpaung, Charles |
Examination Committee(s) | Salam, P. Abdul;Singh, Jai Govind |
Scholarship Donor(s) | Higher Education Commission (HEC), Pakistan – Asian Institute of Technology Fellowship |
Degree | Research Studies Project Report (M. Eng.) - Asian Institute of Technology, 2010 |