ENERGY CONSUMPTION AND ECONOMIC GROWTH: Evidence from Pakistan

Ahmad, Najid; Hayat, Muhammad Farhat; Hamad, Naqvi; Luqman, Muhammad

doi:10.52283/nswrca.ajbmr.20120206a02

Cited by 19 publications

(4 citation statements)

References 11 publications

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“…There is need for appropriate interest rate policy, taken into cognizance the investment climate and the targeted sector of the economy, in order to encourage private investment and expansion in the size of the market and the enhancement of purchasing power of the people are also needed to encourage private investment in the services sector. The study agrees with Ahmad et al (2012) who examined the effect of government spending and macro-economic uncertainty on private investment in service sector for the period 1972 to 2005 and found that government recurrent expenditures mostly appeared as substitutes to private investment and affect private investment in services negatively in the long run.…”

Section: Factors Affecting Government Agricultural Expenditure In The...supporting

confidence: 88%

Determinants of Nigeria Government Agricultural Expenditure (1999-2020): Evidence From Vector Error Correction Model Approach

B.¹,

Ogah²,

Ezihe³

2022

JASD

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The study focused on the determinants of government agricultural expenditure in the long and short run from 1999-2020 using Vector Error Correction Model approach. Annual time series data on agricultural GDP, agricultural expenditure, inflation rate, exchange rate, interest rest, private investment, public investment and foreign direct investment collected from the records of Central Bank of Nigeria and National Bureau of Statistics database were analyzed using inferential statistics (ADF, Johansen co-integration and VECM). The results showed that all the variables co-integrate and were stationary at first difference. In the long run, inflation (1.118415) and private investment (0.004239) were the significant and important variables that determine agricultural expenditure. The coefficient of multiple determination (R2) was 0.925, indicating that 92.5% variation in agricultural expenditure was explained by the variables. The Error correction Term is statistically significant and negative (-0.0278) in the short run indicating a slow speed of adjustment of variables towards equilibrium. In the short run, inflation, private investment and public investment were the important variables that influenced government expenditure. The study concludes that inflation, private and public expenditures influenced government agricultural expenditure significantly and therefore recommend friendly policies to curtail inflation, conducive environment to catalyze private investment and stimulation of public investment to boost agricultural growth.

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Section: Factors Affecting Government Agricultural Expenditure In The...supporting

confidence: 88%

Determinants of Nigeria Government Agricultural Expenditure (1999-2020): Evidence From Vector Error Correction Model Approach

B.¹,

Ogah²,

Ezihe³

2022

JASD

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“…On the other hand, they applied Granger causality to find out the direction of causality between energy consumption and economic growth and explored that both short term and long term changes in economic growth cause changes in energy consumption. Ahmad, Hayat, Hamad and Luqman (2012) conducted research to determine the relationship between economic growth and energy consumption in Pakistan. A positive relationship has been found between Gross Domestic Product and Energy Consumption for Pakistan.…”

Section: Reviews From Pakistan Economymentioning

confidence: 99%

Energy- GDP Nexus and the Role of Exports: An Empirical Evidence from Pakistan and South Asian Region

nisa

2024

Middle East Res J Econ Manag

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The purpose of the study is to present the influence of electricity generation on Pakistan's real GDP and real exports using time series data. The results of Johansen's co integration test revealed that electricity generation, labor force employed, gross fixed capital formation and terms of trade have a positive influence while the exchange rate has a negative relationship with real GDP. In another model, electricity generation, labor force employment, gross fixed capital formation, relative prices are evidence of an increase in real exports. On the other hand, the exchange rate is negatively associated with Pakistan's real exports.

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“…The study adopted a simple model relating the variables under investigation and employed a simple theoretical framework of the Cobb Douglas production function with constant returns to scale [28]. The model is as stated below; Y = AK α L β (1) Where; Y is the total production (output), L is the Labor input, K is capital input and A is the total factor productivity, α and β are the output…”

Section: Model Specificationmentioning

confidence: 99%

Energy Consumption Dynamics and Sustainable Growth in Nigeria

Okoroafor

Faith

Ifeanyi

et al. 2022

Design, Construction, Maintenance

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The paper empirically examined the energy consumption dynamics and sustainable growth in Nigeria using time series data spanning from 1980 to 2020. The major sources of data were from the World Development Index (WDI) and Central Bank of Nigeria (CBN) Statistical Bulletin various issues. In checking the stationary status of all the data engaged, the paper applied modified Ng-Perron unit root test to check the stationary properties of the series, and the results showed that GDP growth rate (GDPgr) was integrated at level (that is I(0)) while electricity consumption (ECNP), coal consumption (CCNP) and petroleum consumption (PCNP) were integrated of order one (that is, I (1)). This justified the application of Autoregressive Distributed Lag (ARDL) model of co-integration, whose results revealed that all series exhibited a stable long run relationship among them. The ARDL bound test result showed that the F-statistics was 4.35, which was greater than the upper bounds critical value of 3.79 at 5 percent level of significant. This further showed that the null hypothesis, which postulated that energy consumption dynamics has no significant impact on sustainable growth in Nigeria can be rejected. Based on the above findings, the paper submitted inter-alia that government should establish a renewable biomass as a supplement to energy sources in order to drive a sustainable growth in Nigeria.

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ENERGY CONSUMPTION AND ECONOMIC GROWTH: Evidence from Pakistan

Cited by 19 publications

References 11 publications

Determinants of Nigeria Government Agricultural Expenditure (1999-2020): Evidence From Vector Error Correction Model Approach

Determinants of Nigeria Government Agricultural Expenditure (1999-2020): Evidence From Vector Error Correction Model Approach

Energy- GDP Nexus and the Role of Exports: An Empirical Evidence from Pakistan and South Asian Region

Energy Consumption Dynamics and Sustainable Growth in Nigeria

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