Shahbaz, Muhammad and Feridun, Mete (2012) Electricity consumption and economic growth empirical evidence from Pakistan. Quality & Quantity, 46 (5). pp. 1583-1599. ISSN 0033-5177 (Print), 1573-7845 (Online) (doi:https://doi.org/10.1007/s11135-011-9468-3)

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Abstract

The present article uses the Autoregressive Distributed Lag (ARDL) bounds testing procedure to identify the long run equilibrium relationship between electricity consumption
and economic growth. Toda-Yamamoto and Wald-test causality tests have identified the direction of the causal relationship between these two variables in the case of Pakistan in the period between 1971 and 2008. Ng-Perron and Clement-Montanes-Reyes unit root tests are used to handle the problem of integrating orders for variables. The results suggest that the two variables are in a long run equilibrium relationship and economic growth leads to
electricity consumption and not vice versa.

Item Type:	Article
Uncontrolled Keywords:	electricity consumption, economic growth, Pakistan, causality
Subjects:	H Social Sciences > HB Economic Theory Q Science > QC Physics
Faculty / School / Research Centre / Research Group:	Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC) Faculty of Business > Department of International Business & Economics Faculty of Business
Related URLs:	Publisher
Last Modified:	04 Aug 2021 16:32
URI:	http://gala.gre.ac.uk/id/eprint/8517

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