The Electricity Consumption and Economic Growth Nexus in Pakistan: A New Evidence

Atif, Syed Muhammad; Siddiqi, Muhammad Wasif

doi:10.2139/ssrn.1569580

Cited by 16 publications

(17 citation statements)

References 27 publications

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“…We find that 0.291% energy consumption is increased due to 1% increase in economic growth. Our results are in line with the findings of Qazi and Riaz (2008), Atif and Siddiqi (2010). Therefore, the coefficient of CO 2 emissions is 0.450 and highly significant at the 1% level.…”

Section: Main Results and Discussionsupporting

confidence: 92%

The impact of CO2 emissions and economic growth on energy consumption in 58 countries

2015

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a b s t r a c tThis paper attempts to investigate the impact of economic growth and CO 2 emissions on energy consumption for a global panel of 58 countries using dynamic panel data model estimated by means of the Generalized Method of Moments (GMM) for the period 1990-2012. We also estimate this relationship for three regional panels; namely, from Europe and North Asia, Latin America and Caribbean, and SubSaharan, North African and Middle Eastern. The empirical evidence indicates significant positive impact of CO 2 emissions on energy consumption for four global panels. Economic growth has a positive impact on energy consumption and statistically significant only for the four panel.

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Section: Main Results and Discussionsupporting

confidence: 92%

The impact of CO2 emissions and economic growth on energy consumption in 58 countries

2015

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“…In the study of Masuduzzaman (2012), three variables (electricity consumption, GDP and investment) were modeled for Bangladesh and the results confirmed the existence of a unidirectional causality running from electricity consumption to economic growth. Similarly, Atif and Siddiqi (2010) provided new evidence on the relationship between electricity consumption and economic growth for Pakistan. They found the existence of a unidirectional granger causality from electricity consumption to economic growth using the standard granger causality test and the modified WALD test.…”

Section: Brief Review Of Literaturementioning

confidence: 99%

Electricity Consumption and Economic Development in Nigeria

Ogundipe

Akınyemi

2014

SSRN Journal

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The study examines the relationship between electricity consumption and economic development using an extended neoclassical model for the period 1970-2013. The study incorporates the uniqueness of the Nigerian economy by controlling for the role of institutions, technology, emissions, and economic structure in the electricity consumption-development argument. The study adopted a cointegration analysis based on the Johansen and Juselius (1981) maximum Likelihood approach and a vector error correction model. In order to ensure robustness, the study adopted the wald block endogeneity causality test to ascertain the direction of causal relationship between electricity consumption and economic development. The study found an existence of long-run cointegration equation with electricity consumption inversely related to economic development. Likewise, the vector error correction model failed to reject the null hypothesis of non-convergence in the long-run. Finally, the study found evidence supporting unidirectional causal relationship running from economic development to electricity consumption.

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“…Siddiqui (2004) concluded that higher economic growth is caused by energy expansion and vice versa in Pakistan. Atif and Siddiqi (2010) analyzed the association between energy consumption and GDP in Pakistan from 1971 to 2007. The findings suggested the long-run relationship and the unidirectional causality running from energy consumption to GDP.…”

Section: Literature Reviewmentioning

confidence: 99%

“…An uninterrupted energy supply is extremely crucial for sustainable economic development (Atif and Siddiqi 2010). It is believed that energy is the lifeblood of the economy, which is subject to policies and market forces of demand-supply.…”

Section: Introductionmentioning

confidence: 99%

How COVID-19 shock will drive the economy and climate? A data-driven approach to model and forecast

Khurshid

Khan

2020

Environ Sci Pollut Res

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The pandemic shock puts the world on quarantine and paused economic operations that affected energy consumption and economic output. This study analyzed the impact of the COVID-19 shock on GDP, energy consumption, and climate change then forecasted the situation until 2032 using the system dynamic modeling approach. The outcomes reveal that the pandemic shock will decrease the growth by 1.3% in 2020 and 1.32% in 2021. The current shortfall, low energy consumption, and delay in completion of energy-related projects can reduce the GDP by 5.2% in 2020. The effect will penetrate the system and will cause further losses in the upcoming years. The energy consumption and quarantine situation will improve the climate situation and drop the average temperature by 0.049 and 0.021 o C in 2020 and 2021. The aggregate demand and supply side measures such as national spending, lowering the lending rate, and cuts in income taxes can help in diffusing the situation. The government should start operations on ongoing energy projects, give relaxation to SME's with tight SOPs to secure jobs, and prevent possible GDP losses. The decline in oil prices provides an opportunity to cut fossil fuel subsidies and implement a carbon pricing mechanism.

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The Electricity Consumption and Economic Growth Nexus in Pakistan: A New Evidence

Cited by 16 publications

References 27 publications

The impact of CO2 emissions and economic growth on energy consumption in 58 countries

The impact of CO2 emissions and economic growth on energy consumption in 58 countries

Electricity Consumption and Economic Development in Nigeria

How COVID-19 shock will drive the economy and climate? A data-driven approach to model and forecast

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