Energy Consumption and Economic Growth: A Disaggregate Approach
Journal Title: Asian Economic and Financial Review - Year 2012, Vol 2, Issue 1
Abstract
This paper attempts to examine the long run as well as short run relationship between Pakistan’s real GDP and energy consumption at sectoral level. The analysis is based on the time series data from 1977 to 2010. We estimate the DOLS cointegration to check the long run relationship. The results indicate the long run relationship between energy consumption and real GDP on aggregate level as well as in industry and services sector but no evidence is found in agriculture sector. This paper also examines the direction of causality by employing Granger causality test and found bidirectional causality between variables under study and unidirectional causality runs from real GDP to energy consumption for industrial and services sectors but result is reverse for agriculture sector.
Authors and Affiliations
Mohsin Nawaz| M.Phil student: Applied Economics Research Centre, University of Karachi, Mahpaar Sadaqat| Research Economist: Applied Economics Research Centre, University of Karachi, Naveed Wahid Awan| Senior Lecturer: PAF Kiet University, Karachi, Maria Qureshi| M.Phil student: Applied Economics Research Centre, University of Karachi
CORPORATE GOVERNANCE AND INFORMATION TRANSPARENCY: A SIMULTANEOUS EQUATIONS APPROACH
The purpose of this paper is to review the relationship between corporate governance mechanisms and information transparency. In this paper, we aim to answer the important questions of whether corporate governance affect...
SOCIAL NETWORKING A SOURCE FOR DEVELOPING ENTREPRENEURIAL INTENTIONS AMONG ENTREPRENEURS: A CASE OF MULTAN
The present research aims at measuring how social networking is a source of developing entrepreneurial intentions among entrepreneurs. The study was designed with the intent to find the components of social networking wh...
COMPUTER SIMULATION AND PLANNING OF THE COMPANY PROFITABILITY
To achieve high job performance, the managers need to have information about the key activities of all sectors. If the flow of information is greater, the greater will be the knowledge and expertise in the company that a...
IMPACT OF WORKING CAPITAL MANAGEMENT ON FIRM PROFITABILITY: THE CASE OF LISTED MANUFACTURING FIRMS ON HO CHI MINH STOCK EXCHANGE
This study is aimed at investigating the relationship between working capital management and profitability. This study is based on a panel data of 98 manufacturing firms listed on Ho Chi Minh City Stock Exchange for a pe...
THE EFFECTS OF INDEPENDENT MANAGERS, INSTITUTIONAL SHAREHOLDERS AND AUDIT EXPENSES ON THE PROBABILITY OF FINANCIAL CRISIS
This paper examines the impact of independent managers, institutional shareholders and audit expenses on the probability of financial crisis of the listed companies in Tehran Stock Exchange (TSE). The target sample inclu...