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Author:

Jafri, Muhammad Afaq Haider (Jafri, Muhammad Afaq Haider.) | Liu, Huizheng (Liu, Huizheng.) | Usman, Ahmed (Usman, Ahmed.) | Khan, Qasim Raza (Khan, Qasim Raza.)

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SSCI Scopus SCIE PubMed

Abstract:

To understand the nexus between economic growth and energy sources, in this study, we have selected Pakistan and collected data over the period 1980-2016. The neoclassical production function of Pakistan is augmented with conventional and renewable energy, capital, and labor. Conversely, the conventional and renewable models are being constructed by using GDP as an independent variable. This paper applied linear and nonlinear ARDL models to see whether the influence of conventional and renewable energy consumption on GDP per capita of Pakistan is symmetric or asymmetric and vice versa. Furthermore, the asymmetric causal effects between the energy variables and economic growth are also discussed. From the findings of the study, we deduce the long-run asymmetric effects of renewable energy on the economic growth of Pakistan. Similarly, the asymmetric effects of GDP, in the long run, are confirmed in both energy models. The symmetric and asymmetric causality results have recommended growth and conservation hypothesis. The findings propose that renewable energy is a significant factor in boosting the economic growth of Pakistan and a decline in the use of renewable energy could actually stem the economic growth of Pakistan.

Keyword:

Conventional energy consumption Renewable energy consumption NARDL Pakistan Economic growth

Author Community:

  • [ 1 ] [Jafri, Muhammad Afaq Haider]Beijing Univ Technol, Coll Econ & Management, Beijing, Peoples R China
  • [ 2 ] [Liu, Huizheng]Beijing Univ Technol, Coll Econ & Management, Beijing, Peoples R China
  • [ 3 ] [Usman, Ahmed]Univ Faisalabad, Govt Coll, Sch Econ, Faisalabad, Pakistan
  • [ 4 ] [Khan, Qasim Raza]Beijing Technol & Business Univ, Dept Finance, Beijing, Peoples R China

Reprint Author's Address:

  • [Jafri, Muhammad Afaq Haider]Beijing Univ Technol, Coll Econ & Management, Beijing, Peoples R China;;[Usman, Ahmed]Univ Faisalabad, Govt Coll, Sch Econ, Faisalabad, Pakistan

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Source :

ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH

ISSN: 0944-1344

Year: 2021

Issue: 28

Volume: 28

Page: 37435-37447

5 . 8 0 0

JCR@2022

ESI Discipline: ENVIRONMENT/ECOLOGY;

ESI HC Threshold:94

JCR Journal Grade:2

Cited Count:

WoS CC Cited Count: 18

SCOPUS Cited Count: 19

ESI Highly Cited Papers on the List: 0 Unfold All

WanFang Cited Count:

Chinese Cited Count:

30 Days PV: 1

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