The Relationship between Industrial Electricity Consumptions, Industrial Employment and Industrial GDP
Journal Title: European Online Journal of Natural and Social Sciences - Year 2018, Vol 7, Issue 2
Abstract
The study was carried out to see how electricity effects industry by identifying the relationship between industrial electricity consumptions, industrial employment, and industrial GDP. Industrial electricity shortage has been a major threat and has caused approximately two percent loss to the Pakistan’s economy with the rate of unemployment reaching 6% during 2013-14, leaving millions unemployed across the country. Co-integration and granger causality test was employed to find the long-term relationship between industrial electricity consumption, employment, and industrial growth. Results revealed that all three; industrial electricity consumption, employment, and industrial growth, were stationarity at the 1st difference and co-integrated on the basis of optimal lag selection criteria. Vector error correction model employed to test the speed of adjustment showed that industrial GDP & industrial electricity, and industrial employment & industrial GDP, both were significant at 5% level, while Industrial employment and industrial electricity was significant at 13.5%. Results of granger causality indicated that industrial electricity has a long-term relationship both with industrial GDP and industrial employment. Data analysis revealed that for Pakistan’s economic growth reliable electricity to industrial sector is essential and hindrance or unavailability of electricity to the industry will lead to unemployment and reduce economic growth.
Authors and Affiliations
Nadeem Ayub Bhutta, Ather Azim Khan
Keywords
Related Articles
- EP ID EP546976
- DOI -
- Views 217
- Downloads 0
The Effect of Internal Marketing Dimensions on Organizational Commitment of Employees: An Investigation among Private Banks
The Employees are also the customers of company and they have ability to change the future of organization. The purpose of this paper is to examine the effect of internal marketing on organizational commitment of employe...
The Assessment of Pattern of Injuries Due to Road Traffic Accidents
The increase of the traffic on the roads of Pakistan has drastically increased the rate of accidents. Such accidents have effect on the life of several families as they have lost their family members loved one and faced...
Perceptions of Research Scholars towards Research Supervision and Supervisory Practices at Doctorate Level
The current paper was about the investigation of perceptions of research scholars towards research supervision and its impact on academic satisfaction and research skills. The main objectives were to investigate the sati...
The Value of the Fossil Remains of the Paleozoic Fauna in the Mukry Mountains to Study the Relative Age of Rocks and of Organic Evolution
The article describes the importance of the study of fossil organisms to reconstruct the physico-geographical conditions of the past on the example of paleofauna korbonski sediments of the Eastern part of Mukry (Western...
Influence of Parenting Styles on Mental Health of Adolescents
Positive mental health is a key factor in maintaining good health status. A good mental health is very essential for a person to deal with daily stresses of his/her life, and it is also an important component of total he...