Investigation of Energy Inflation Dynamics in Pakistan: Revisiting the Role of Structural Determinants

Iqbal, Sidra; Yasmin, Fouzia; Safdar, Noreen; Safdar, Maria

doi:10.47067/ramss.v4i2.137

Cited by 5 publications

(6 citation statements)

References 20 publications

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“…So, it can be concluded that lower pump diesel and petrol prices significantly decline inflation in Pakistan. The results of this study are consistent with those of (Qasim et al, 2021;Iqbal et al, 2021;Malik, 2016;Saleem & Ahmad, 2015).…”

Section: Resultssupporting

confidence: 91%

“…This study is different from previous studies on the research topic as it measures energy prices in domestic pump diesel prices and pump gasoline prices. While the previous studies have measured the energy prices on the basis of international crude oil prices per barrels and ignore the cost of government taxes, transportation cost, profits of the organization (Qasim et al, 2021;Iqbal et al, 2021;Aziz et al 2016;Saleem & Ahmad, 2015). The energy prices on the basis of international crude oil prices is not a good measure of domestic energy prices.…”

Section: Figure 2 Consumer Price Index(cpi)mentioning

confidence: 99%

“…The results show that exchange rate and oil prices significantly impact the inflation. Iqbal et al (2021) constructed the inflation energy index on various variables such broad money, energy imports, GDP, taxes and oil prices during 1991-2019 in Pakistan. The results indicate that in the long run oil prices, broad money and energy import significantly and positively affect the inflation energy index.…”

Section: Literature Reviewmentioning

confidence: 99%

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Investigating the Role of Energy Prices in Enhancing Inflation in Pakistan: Fresh Insight from Asymmetric ARDL Model

Maqbool¹,

Bashir²,

Rehman³

et al. 2021

RAMSS

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The aim of this study is to examine the export performance and competitiveness of Pakistan's toy exports by using different indices of revealed comparative advantage. The data were looked at from the International Trade Centre (ITC) for Pakistan’s toys exports during 2004-2020. The results of this study show that Pakistan enjoyed a comparative advantage in exporting toys to the world market during 2004-2020, because the RCA index is greater than 1. The positive values of RSCA and LnRCA indicate that Pakistan had a CA in the concerned sector during 2004-2020. The study also observed that Pakistan had a competitive advantage by employing Vollrath index (RCA#). In addition, the revealed competitiveness index (RC) indicates that Pakistan experienced competitiveness in the toy export sector. The RMA index shows that Pakistan also enjoyed a comparative advantage in the imports of toys during 2004-2020. This means that Pakistan also imports these products from other economies of the world. The index of RTA describes that Pakistan had a net comparative advantage in this sector during analysis. TBI illustrates that Pakistan is the net-exporter in the toys and games sector in the global economy. Pakistan's toy manufacturers need to find new innovative and technologically advanced methods to stimulate domestic toy production and exports.

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Section: Resultssupporting

confidence: 91%

Section: Figure 2 Consumer Price Index(cpi)mentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Investigating the Role of Energy Prices in Enhancing Inflation in Pakistan: Fresh Insight from Asymmetric ARDL Model

Maqbool¹,

Bashir²,

Rehman³

et al. 2021

RAMSS

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“…They confirm the long run association among inflation and its determinants. Iqbal et al (2021) analyzed the link between energy inflation and various control variables such as board money, taxes, oil prices, energy import, and GDP. The study explains that an increase in demand for energy in economic activities in developing countries indicates an energy demand hence infers energy inflation.…”

Section: Review Of Literaturementioning

confidence: 99%

Inflation Determinants and Policy Measures: Empirical Analysis for Pakistan

Sherazi

Rehman

Khan³

2022

GUJR

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Appropriate economic choices are very much dependent on stability of prices. It will bring certainty regarding purchasing power of the money. This research uses Johenson cointegration approach covering time duration from 1980 to 2018. The empirical estimates of this study shows that in long run all explanatory variables (unemployment, government consumption expenditures, unit price of imports, interest rate and money supply) have momentous influence in accelerating inflation in Pakistan. The findings show that decrease in unemployment and increase in unit value of imports will enhance inflation in long run. Due to the decrease in the government consumption expenditure there will be low investment, low production, and increased aggregate demand associated with high inflation. There exists positive relation between interest rate and inflation. The increase in money supply enhances inflation. Lagged value of error correction model is significant having appropriate sign. Furthermore, this study uses Granger Causality test to check the existence of uni or bi directional relationship among highlighted variables.

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“…For this purpose, Augmented Dickey-Fuller test and autoregressive distributed lag model were used. It was concluded that oil price inflation does not affect economic growth in both the short and long term, but causes inflation to increase Iqbal et al (2021). applied unit root test, ADF test, Bound test, ARDL cointegration tests to the data to examine the situation in the period 1991-2019.…”

mentioning

confidence: 99%

Asymmetric Relationships Between Natural Gas Price Inflation and Macroeconomic Factors: The Case of Turkey

GÜLER

2024

Fiscaoeconomia

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Energy inflation is one of the main factors affecting macroeconomic indicators. The price inflation of natural gas, which is the basic input of electricity generation, housing, industry and service sectors and causes less CO2 emissions than other fossil fuel energy types, is the focus of this study. Natural gas, like other fossil fuels, is a scarce energy source and is not evenly distributed around the world. For this reason, some countries export natural gas, while others import natural gas. Countries that are foreign-dependent in natural gas are affected by the political, geographical and economic conjuncture of the countries they import from. In this context, Turkey was affected by Russia-Ukraine war and natural gas prices increased accordingly. The study aims to determine the asymmetric relationships between natural gas price inflation and macroeconomic factors in Turkey. For this purpose, autoregressive distributed lag (ARDL) and nonlinear autoregressive distributed lag (NARDL) models were used for Turkey's 1998Q1-2023Q2 data. As a result of the analysis, it was determined that there was an asymmetric relationship between natural gas inflation and producer price index, gross domestic product, balance of payments. The results obtained showed the importance of natural gas found in the Black Sea and natural gas pipelines passing through Turkey (TANAP etc.), and an ecopolitical evaluation was made in this context.

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Investigation of Energy Inflation Dynamics in Pakistan: Revisiting the Role of Structural Determinants

Cited by 5 publications

References 20 publications

Investigating the Role of Energy Prices in Enhancing Inflation in Pakistan: Fresh Insight from Asymmetric ARDL Model

Investigating the Role of Energy Prices in Enhancing Inflation in Pakistan: Fresh Insight from Asymmetric ARDL Model

Inflation Determinants and Policy Measures: Empirical Analysis for Pakistan

Asymmetric Relationships Between Natural Gas Price Inflation and Macroeconomic Factors: The Case of Turkey

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