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ROLE OF ENERGY IN ECONOMIC GROWTH OF PAKISTAN 1972 2015

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21 Pages : 158-164

http://dx.doi.org/10.31703/gssr.2019(IV-II).21      10.31703/gssr.2019(IV-II).21      Published : Jun 2019

Role of Energy in Economic Growth of Pakistan (1972-2015)

Abstract

    This paper highlights the importance of energy in the determination of growth for economy of Pakistan. This study has been taken for the period of 1972-2015. Along with energy consumption some other important variables are also put into investigation. The Johansson co-integration estimation technique has been used to estimate the required impact. The results show that energy consumption contributed positively and significantly to long run economic growth. While the said impact is statistically insignificant in the short run, the study suggested on the basis of results that energy sources should be explored to boost which may possible to satisfy the energy need of the country and to get guaranteed economic growth in the long run. Therefore, Government should pay special attention toward the country’s energy sector to stabilize the economy which assures prosperity in the country.

    (1) Sher Ali
    Assistant Professor,Department of Economics,Islamia College Peshawar, KP, Pakistan.
    (2) Fazle Wahid
    Assistant Professor, Department of Economics, Islamia College Peshawar, KP, Pakistan.
    (3) Abid Ali
    Lecturer, Department of Economics, Islamia College Peshawar, KP, Pakistan.
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Cite this article

APA

CHICAGO

    CHICAGO : Ali, Sher, Fazle Wahid, and Abid Ali. 2019. "Role of Energy in Economic Growth of Pakistan (1972-2015)." Global Social Sciences Review, IV (II): 158-164 doi: 10.31703/gssr.2019(IV-II).21

HARVARD

    HARVARD : ALI, S., WAHID, F. & ALI, A. 2019. Role of Energy in Economic Growth of Pakistan (1972-2015). Global Social Sciences Review, IV, 158-164.

MHRA

    MHRA : Ali, Sher, Fazle Wahid, and Abid Ali. 2019. "Role of Energy in Economic Growth of Pakistan (1972-2015)." Global Social Sciences Review, IV: 158-164

MLA

    MLA : Ali, Sher, Fazle Wahid, and Abid Ali. "Role of Energy in Economic Growth of Pakistan (1972-2015)." Global Social Sciences Review, IV.II (2019): 158-164 Print.

OXFORD

    OXFORD : Ali, Sher, Wahid, Fazle, and Ali, Abid (2019), "Role of Energy in Economic Growth of Pakistan (1972-2015)", Global Social Sciences Review, IV (II), 158-164

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