Role of Energy in Economic Growth of Pakistan (1972-2015)
Journal Title: Global Social Sciences Review - Year 2019, Vol 4, Issue 2
Abstract
This paper highlights the importance of energy in the determination of growth for economy of Pakistan. This study has been taken for the period of 1972-2015. Along with energy consumption some other important variables are also put into investigation. The Johansson co-integration estimation technique has been used to estimate the required impact. The results show that energy consumption contributed positively and significantly to long run economic growth. While the said impact is statistically insignificant in the short run, the study suggested on the basis of results that energy sources should be explored to boost which may possible to satisfy the energy need of the country and to get guaranteed economic growth in the long run. Therefore, Government should pay special attention toward the country’s energy sector to stabilize the economy which assures prosperity in the country.
Authors and Affiliations
Sher Ali, Fazle Wahid, Abid Ali
Keywords
Related Articles
- EP ID EP606567
- DOI 10.31703/gssr.2019(IV-II).21
- Views 86
- Downloads 0
Economic Issues and Ethical Journalism in Pakistan: Prospects and Challenges
Journalists are expected to perform truthfully and ethically which contributes to the strengthening of democracy by sharing reliable information. However, the political economy of media suggests that political and econom...
"For Murder, though have no Tongue, will Speak", Hamlet Speaks for the Contemporary Problems around the Word
People from different countries reshape and revise Hamlet to suit their situations and alter their personalities accordingly. Hamlet highlights issues in political, moral, social and cultural spheres of a country. Shakes...
Causes of Teacher's Favoritism and Its Effects on the University Students: A Case Study
This study aims at exploring and examining the causes of teacher's favoritism and its effects on the university students. Quantitative tools are applied to collect data for the study and to check its reliability. The res...
Learning Engagement in Mathematics: A Test of an Active Learning Model
This experimental study explored the effect of the 4WsHs active learning model on learning engagement in mathematics classes. The research design used for conducting this study was true experimental research design (pre-...
Nation-Building in the Developing States: A Case Study of Pakistan
This research concerns the process of nation-building in developing states with a focus on Pakistan. The study explores hurdles in the process of nation-building in Pakistan. In this connection, the study takes into acco...