Does Renewable Energy Consumption Add In Economic Growth? An Application of Distributed Lag Model in Pakistan

Shahbaz, Muhammad and Loganathan, Nanthakumar and Zeshan, Mohammad and Zaman, Khalid (2015) Does Renewable Energy Consumption Add In Economic Growth? An Application of Distributed Lag Model in Pakistan. Renewable Energy and Sustainable Review , 44. pp. 576-585. ISSN 1364-0321

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Abstract

The objective of the study is to examine the relationship between renewable energy consumption and economic growth by incorporating capital and labour as potential determinants of production function in case of Pakistan. This study used auto-regressive distributed lag (ARDL) model and rolling window approach (RWA) for cointegration in context of Pakistan. The study used quarterly data over the period of 1.972c.l-2O11Q4. The causality analysis applied through VECM Cranger causality and innovative accounting approaches. The results reveal that all the variables in the study are cointegrated that shows the long run relationship between the variables. Furthermore, renewable energy consumption, capital and labour boost economic growth. The causality analysis shows the feedback effect between economic growth and renewable energy consumption.

Item Type: Article
Subjects: H Social Sciences > HC Economic History and Conditions
Faculty / Institute: Faculty of Economics & Management Sciences
Depositing User: Nanthakumar Loganathan
Date Deposited: 09 Jun 2015 02:38
Last Modified: 09 Jun 2015 02:38
URI: http://erep.unisza.edu.my/id/eprint/3316

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