Energy-GDP-exports nexus and energy conservation: evidence from Pakistan and South Asia
2020
Shakeel, Muhammad | Salam, Abdul
This study has employed aggregate energy augmented production framework utilizing the gross domestic product (GDP), labor input, capital stock, energy, and export over the years from 1980 to 2014 on annual time series of the variables for Pakistan and South Asia panel. There is statistically insignificant association amid the variables for Pakistan while there is indication of long-run association amid the variables for panel of South Asia. The findings imply that energy conservation is efficient without hindering the economic growth and export expansion in Pakistan, albeit such kind of policy option is not much promising for the panel of four other South Asian countries. Furthermore, energy demand models must consider the role of exports expansion and its due impacts on the energy conservation of fossil fuels-based energy source and thereby on the trajectory of sustainable economic growth in the region.
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