Degree
Master of Science in Economics
Faculty / School
Faculty of Business Administration (FBA)
Department
Department of Economics
Date of Submission
2017-01-01
Supervisor
Dr. Mohammad Nishat, Institute of Business Administration, Karachi
Project Type
MSECO Research Project
Access Type
Restricted Access
Keywords
Economic development, Energy, Annual panel data, World bank’s world development indicator report, Random coefficient regression
Abstract
The purpose of this report is to study long term relationship between economic development and energy use in Pakistan. It is known that economic development is directly proportional to energy use so we intend to examine the relationship between energy use and economic growth. For this purpose we use the annual panel data, retrieved from World Bank’s World Development Indicator Report, of different countries categorized by their income. We used Random Coefficient Regression using Generalized Least Square methods to find a positive impact of energy use on economic development, Engle and Granger approach for long term relationship and Granger approach for direction of causality.
Pakistan has long term relation between energy and economic growth with direction of causality from energy to economic growth so investment in energy will expedite the economic growth.
Pages
ix, 36
Recommended Citation
Kamal, M. A. (2017). Impact of energy on economic growth of Pakistan (Unpublished graduate research project). Institute of Business Administration, Pakistan. Retrieved from https://ir.iba.edu.pk/research-projects-mseco/2
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