Natural Gas Consumption and Economic Growth in Pakistan: Production Function Approach
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BANIK, ARINDAM GLOBAL BUSINESS REVIEWSummary: This study investigates the relationship between energy consumption and economic growth in case of Pakistan using annual data from 1977 to 2013. Using Johansen maximum likelihood approach to estimate the long-run relationship and Granger causality to check the direction of causality, the study finds that the long-run relationship between natural gas consumption and economic growth is positive and statistically significant. Furthermore, the Granger causality shows that there exists energy-led growth hypothesis in Pakistan as Granger causality runs from energy to economic growth. The policy implication is that uninterrupted availability of energy is essential and conservation strategies could be harmful for the economic growth.
| Item type | Current library | Call number | Vol info | Status | Notes | Date due | Barcode | Item holds | |
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Journal Article
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Main Library | Vol 18, No 2/ 5558624ja3 (Browse shelf(Opens below)) | Available | 5558624ja3 | |||||
Journals and Periodicals
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Main Library On Display | JP/GEN/Vol 19, No 2/ 5558624 (Browse shelf(Opens below)) | Vol 19, No 2 -- Vol 18, No 2 (10/03/2018) | Not for loan | April, 2018 | 5558624 |
This study investigates the relationship between energy consumption and economic growth in case of Pakistan using annual data from 1977 to 2013. Using Johansen maximum likelihood approach to estimate the long-run relationship and Granger causality to check the direction of causality, the study finds that the long-run relationship between natural gas consumption and economic growth is positive and statistically significant. Furthermore, the Granger causality shows that there exists energy-led growth hypothesis in Pakistan as Granger causality runs from energy to economic growth. The policy implication is that uninterrupted availability of energy is essential and conservation strategies could be harmful for the economic growth.
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