Electricity consumption and economic growth empirical evidence from Pakistan
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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: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 |
| School / Department / Research Groups: | School of Business School of Business > Department of International Business & Economics |
| Related URLs: | |
| Last Modified: | 12 Jul 2012 12:43 |
| URI: | http://gala.gre.ac.uk/id/eprint/8517 |
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