Modeling Energy Consumption, Carbon Emission and Economic Growth: Empirical Analysis for Pakistan

Authors

  • Amjad Ali Department of Economics Karakoram International University Gilgit Baltistan Pakistan
  • Sabila Khatoon Karakoram International University Gilgit Baltistan
  • Muhammad Ather Karakoram International University Gilgit Baltistan
  • Naila Akhtar Karakoram International University Gilgit Baltistan

Abstract

This study examines the short run and long relationship among carbon emission, energy consumption and economic growth in case of Pakistan for the time period 1980 to 2012. For this purpose we have employed Johansen co-integration approach and the results reveal that there exists long run relationship among Energy, Growth and Environment (E-E-E) in Pakistan. It is found that the Environmental Kuznets Curve hypothesis is valid in long run but not in short run. Also there exists unidirectional causality between energy consumption to energy emission in Pakistan. Unidirectional causality also found between financial development and economic growth running from financial development to economic growth.  

Keywords: Environmental Kuznets Curve, Energy, Growth, Co-integration, Pakistan

JEL Classifications: G00; Q43; Q50

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Author Biographies

Amjad Ali, Department of Economics Karakoram International University Gilgit Baltistan Pakistan

Lecturer Economics at Karakoram International University Gilgit

Sabila Khatoon, Karakoram International University Gilgit Baltistan

Assistant Professor Department of Economics KIU, Gilgit Baltistan

Muhammad Ather, Karakoram International University Gilgit Baltistan

Lecturer Economics, Karakoram International University Gilgit Baltistan

Naila Akhtar, Karakoram International University Gilgit Baltistan

Lecturer Economics, Karakoram International University Gilgit Baltistan

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Published

2015-04-23

How to Cite

Ali, A., Khatoon, S., Ather, M., & Akhtar, N. (2015). Modeling Energy Consumption, Carbon Emission and Economic Growth: Empirical Analysis for Pakistan. International Journal of Energy Economics and Policy, 5(2), 624–630. Retrieved from https://www.econjournals.com/index.php/ijeep/article/view/1011

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