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Journal of Applied Economics and Business Studies
Article . 2022 . Peer-reviewed
License: CC BY
Data sources: Crossref
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Renewable and Non-renewable Energy Consumption and Economic Growth in Pakistan: A Disaggregated Analysis

Authors: Shazia Farhat Durrani; Inayatullah Jan; Sidra Pervez;

Renewable and Non-renewable Energy Consumption and Economic Growth in Pakistan: A Disaggregated Analysis

Abstract

This study addresses the research question of how renewable and non-renewable energy consumption (EC) affects economic growth (GDP) in Pakistan over a period of 1972-2015. The study extends the basic production function having labor and capital as the mainstream variables by adding major energy sources of Pakistan. The results of Toda-Yamamoto Granger causality test confirm that no causality exists between GDP and labor force and bidirectional causality exists between GDP and gross capital formation. Moreover, the results confirm a unidirectional relationship (growth hypothesis) between hydroelectricity consumption (HEC) and nuclear energy consumption (NEC) and a bidirectional relationship (feedback hypothesis) between fossil fuel consumption (FFC) and GDP, respectively. The findings suggest for an efficient utilization of existing energy resources along with diversification and expansion of the renewable energy resources. The study recommends for the government policy to avoid energy conservation as it can hamper GDP growth in Pakistan.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
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