Energy consumption–economic growth nexus for Pakistan: Taming the untamed

Ahmed, Mushtaq; Riaz, Khalid; Khan, Atif Maqbool; Bibi, Salma

doi:10.1016/j.rser.2015.07.063

Cited by 36 publications

(19 citation statements)

References 51 publications

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“…A particular challenge for the future is to determine energy security and predict the future in the countries with short times series of available data [89], as well as to consider a clearer definition of the current, insufficiently clear relationship that exists between carbon emission and economic development [90]. Namely, "energy security is not a new term, but it definitely demands a new point of view, definition and measurement" [91].…”

Section: Selection Of Individual Indicatorsmentioning

confidence: 99%

Energy security measurement – A sustainable approach

Radovanović

Filipović

Pavlović³

2017

Renewable and Sustainable Energy Reviews

191

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Section: Selection Of Individual Indicatorsmentioning

confidence: 99%

Energy security measurement – A sustainable approach

Radovanović

Filipović

Pavlović³

2017

Renewable and Sustainable Energy Reviews

191

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“…Hence, economies are striving to make efficient use of energy resources. Thus, since last decade existing stream of literature have documented various studies that have explored the relationship between energy consumption and financial development (Ahmed, Riaz, Khan, & Bibi, 2015;Hasnaoui, 2014;Naser, 2015;Wu & Broadstock, 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Furthermore, non-traditional renewable energy resources should also be considered in-order to reduce international prices impact. Solar power, biomass and solid wastage should also be considered (Ahmed et al, 2015). Ç oban and Topcu (2013) finds positive relationship between financial development and energy consumptions.…”

Section: Literature Reviewmentioning

confidence: 99%

An Empirical Analysis of the Impact of Energy Consumption on the Financial Development of the Emerging Economies: A Moderating Role of Oil Prices

Mahmood

Saleem

2016

IJEF

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This research empirically analyzes the relationship between energy consumption and financial development by making use of secondary data for 22 emerging economies over the period of 1999-2012. Moreover, this paper also spotlights the moderating role of oil prices. Furthermore, financial development is measured by utilizing of various proxies relevant to banking sector and stock market as well. Hence, the findings of the research reveals that oil prices negatively moderates the relationship between energy consumption and financial development. Moreover, results highlight that measures used to calculate financial development are also of key concern to explore the relationship between energy consumption and financial development.

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“…According to Alahdad [32], by assuming an annual economic growth rate of 6.5%, an energy supply of 198 million TOE shall be required in order to meet the demand in 2025. [57] and vice versa as shown in Figure 2. According to Alahdad [32], by assuming an annual economic growth rate of 6.5 percent, an energy supply of 198 million TOE shall be required in order to meet the demand in 2025.…”

Section: Economic Growth and Energy Consumptionmentioning

confidence: 81%

“…Thus, to meet its growing energy demand, Pakistan faces both energy constraints from the supply side as well as dare demand management at the same time [55]. [57] and vice versa as shown in Figure 2. According to Alahdad [32], by assuming an annual economic growth rate of 6.5%, an energy supply of 198 million TOE shall be required in order to meet the demand in 2025.…”

Section: Economic Growth and Energy Consumptionmentioning

confidence: 99%

An Integrated Modeling Approach for Forecasting Long-Term Energy Demand in Pakistan

et al. 2017

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Abstract:Energy planning and policy development require an in-depth assessment of energy resources and long-term demand forecast estimates. Pakistan, unfortunately, lacks reliable data on its energy resources as well do not have dependable long-term energy demand forecasts. As a result, the policy makers could not come up with an effective energy policy in the history of the country. Energy demand forecast has attained greatest ever attention in the perspective of growing population and diminishing fossil fuel resources. In this study, Pakistan's energy demand forecast for electricity, natural gas, oil, coal and LPG across all the sectors of the economy have been undertaken. Three different energy demand forecasting methodologies, i.e., Autoregressive Integrated Moving Average (ARIMA), Holt-Winter and Long-range Energy Alternate Planning (LEAP) model were used. The demand forecast estimates of each of these methods were compared using annual energy demand data. The results of this study suggest that ARIMA is more appropriate for energy demand forecasting for Pakistan compared to Holt-Winter model and LEAP model. It is estimated that industrial sector's demand shall be highest in the year 2035 followed by transport and domestic sectors. The results further suggest that energy fuel mix will change considerably, such that oil will be the most highly consumed energy form (38.16%) followed by natural gas (36.57%), electricity (16.22%), coal (7.52%) and LPG (1.52%) in 2035. In view of higher demand forecast of fossil fuels consumption, this study recommends that government should take the initiative for harnessing renewable energy resources for meeting future energy demand to not only avert huge import bill but also achieving energy security and sustainability in the long run.

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Energy consumption–economic growth nexus for Pakistan: Taming the untamed

Cited by 36 publications

References 51 publications

Energy security measurement – A sustainable approach

Energy security measurement – A sustainable approach

An Empirical Analysis of the Impact of Energy Consumption on the Financial Development of the Emerging Economies: A Moderating Role of Oil Prices

An Integrated Modeling Approach for Forecasting Long-Term Energy Demand in Pakistan

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