How technological innovation and institutional quality affect sectoral energy consumption in Pakistan? Fresh policy insights from novel econometric approach

Li, Zheng; Abbasi, Kashif Raza; Salem, Sultan; Irfan, Muhammad; Alvarado, Rafael; Lv, Kangjuan

doi:10.1016/j.techfore.2022.121900

Cited by 64 publications

(33 citation statements)

References 47 publications

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“…At the same time, the equipment used for electricity transmission is often obsolete or inefficient, resulting from long transmission lines and excessive load, which cause voltage drops. At the same time, Pakistan's electricity sector suffered electricity theft, meter tampering, and unpaid bills that cost the economy 6.5 percent of GDP in 2015 [29]. As of 2018-2019, the public sector's average line losses were 18.3 percent.…”

Section: The Ins and Outs Of Pakistan's Power Shortfallmentioning

confidence: 99%

Energy Crisis, Firm Productivity, Political Crisis, and Sustainable Growth of the Textile Industry: An Emerging Economy Perspective

et al. 2022

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Pakistan’s textile industry is suffering from an electricity shortage and political turmoil. Due to a state of instability in which nothing is certain, things cannot be brought into balance by the state. Therefore, we employ firm-level data (101) to investigate the impact of expected and unexpected power outages on textile firm productivity throughout 2014 to 2019. The study assesses the importance of political stability for the flourishing of Pakistan’s textile sector. Outages were found to significantly negatively impact textile sector sales revenue, likely leading to lower results (by 0.240% and 0.0569%). The duration and frequency of outages had significant adverse influences on reducing firm revenue. It has been estimated that a 1 h outage will cause to loss of revenue of approximately 24 percent. Comparatively, load-shedding hours had a smaller impact on lowering firms’ sales revenues, which were 5% to 8% with and without political stability inclusion. Further, outage hours decreased the export of textiles by 0.286%. The magnitude of export reduction by outages and load shedding was higher. The driving impact of political stability was higher than the impacts of expected and unexpected shortages. A stable political system is necessary to develop feasible solutions.

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Section: The Ins and Outs Of Pakistan's Power Shortfallmentioning

confidence: 99%

Energy Crisis, Firm Productivity, Political Crisis, and Sustainable Growth of the Textile Industry: An Emerging Economy Perspective

et al. 2022

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“…This study contributes to the existing literature in the following way. Although few researchers have analyzed the role of technological innovation and institutional quality on environmental sustainability at the country-specific, regional, and global levels (Chaudhry et al, 2021;Abid et al, 2022;Liu et al, 2022;Wang and Yang, 2022;Zheng et al, 2022;Amin et al, 2023;, the majority of them have mainly concentrated on determining the effects of technological innovation and institutional quality on CO 2 emissions. Therefore, to fill this gap, our study examines the role of technological innovation and institutional quality in improving environmental sustainability.…”

Section: Introductionmentioning

confidence: 99%

The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability

Shabir

Hussaın

Işık

et al. 2023

Front. Environ. Sci.

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In this study, we examine the long-run effect of environmental-related technological innovation, institutional quality, trade openness, energy consumption, and economic growth on CO2 emissions in APEC countries from 2004 to 2018. Firstly, panel unit root tests were used to explore the stationarity of each data series. The panel unit root test findings showed that all data series are stationary at the first difference. Second, the Westerlund panel cointegration test was used to deal with heterogeneity and cross-sectional dependence. Thirdly, the empirical findings from the augmented mean group (AMG) and common correlated effects mean group (CCEMG) estimators indicate that environmental-related technological innovation and institutional quality destructively affect CO2 emissions. In contrast, trade openness, energy consumption, and economic growth positively impact CO2 emissions. While causality analysis refers to the unidirectional causality runs from trade openness, energy consumption to CO2 emission and bidirectional causality relationships are between technological innovation, institutional quality, GDP, CO2 emission. Based on the findings, we proposed that APEC countries should raise investment in environmental-related technological innovation and improve the quality of the institutional environment to achieve sustainable development targets.

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“…Economic growth has important drivers and determinants, including but not limited to technological change, institutions, demographics, energy and economic policies with a wide range of implications (Romer, 1990;Acemoglu et al, 2001;Jones, 2015;Easterly, 2019;Bloom, 2020;Bansal, 2021;Xu et al, 2023;Zheng et al, 2022). Among those variables, we are mainly interested in the eff ects of public debt on economic growth, investment and credit.…”

Section: Literature Reviewmentioning

confidence: 99%

Non-linear Impacts of Public Debt on Growth, Investment and Credit: A Dynamic Panel Threshold Approach

Turan¹,

İyidoğan²

2023

Prague Economic Papers

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This paper examines the effects of public debt on the growth rate, investment and domestic credit provided to private sector using the dynamic panel threshold regression method for a large number of developing countries, namely 53 (48) economies for growth and investment (credit) regressions. Our results suggest that public debt does not have a significant impact on the economic growth rate. Despite a strong negative effect of public debt on the total investment, our results do not support the existence of a (strong) threshold effect of public debt on total (private) investment. On the other hand, we present evidence for a threshold effect of public debt on public investment and credit. More precisely, public debt leads to a reduction in public investment and credit when the public debt exceeds the estimated threshold levels. Since public debt matters for investment and credit, it is important to ensure fiscal discipline and prudence in the long term.

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How technological innovation and institutional quality affect sectoral energy consumption in Pakistan? Fresh policy insights from novel econometric approach

Cited by 64 publications

References 47 publications

Energy Crisis, Firm Productivity, Political Crisis, and Sustainable Growth of the Textile Industry: An Emerging Economy Perspective

Energy Crisis, Firm Productivity, Political Crisis, and Sustainable Growth of the Textile Industry: An Emerging Economy Perspective

The role of innovation in environmental-related technologies and institutional quality to drive environmental sustainability

Non-linear Impacts of Public Debt on Growth, Investment and Credit: A Dynamic Panel Threshold Approach

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