An Econometric Analysis of Energy Consumption in Pakistan
Energy sector plays a key role and a dominant factor for the economic growth of country. This research article compares the relationship between energy consumption and economic growth. In Pakistan, main sources of energy generation are primarily contingent on traditional fuels and its large percenta...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
The University of Lahore
2019-08-01
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| Series: | Pakistan Journal of Engineering & Technology |
| Subjects: | |
| Online Access: | http://dev.ojs.com/index.php/pakjet/article/view/59 |
| _version_ | 1818871991273259008 |
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| author | Hafiz Muhammad Zubair Muhammad Imran Adeel Qadir Umer Akram Muhammad Tariq |
| author_facet | Hafiz Muhammad Zubair Muhammad Imran Adeel Qadir Umer Akram Muhammad Tariq |
| author_sort | Hafiz Muhammad Zubair |
| collection | DOAJ |
| description | Energy sector plays a key role and a dominant factor for the economic growth of country. This research article compares the relationship between energy consumption and economic growth. In Pakistan, main sources of energy generation are primarily contingent on traditional fuels and its large percentage is imported and also linked strongly with Gross Domestic Product (GDP). In fact most countries, especially underdeveloped, relies more on oil to meet energy demands but if affects the economy unfavorably. Its import in a great way also affects the nation indirectly by causing unexpected inflation. On oil, Local traditional alternative fuels must be preferred to maintain the economic growth. In this research article, energy model Long-Range Energy Alternatives Planning System (LEAP) has been used in various scenarios to find out energy demand for 2013 and has predicted the demand till year 2040. This analysis uncovers and postulates the new postulates for the think tanks to find out best alternatives headway of energy sector of Pakistan to overcome on energy deficiency in coming years. |
| first_indexed | 2024-12-19T12:31:42Z |
| format | Article |
| id | doaj.art-886fe473a0c845c4816cb769c41e78ff |
| institution | Directory Open Access Journal |
| issn | 2664-2042 2664-2050 |
| language | English |
| last_indexed | 2024-12-19T12:31:42Z |
| publishDate | 2019-08-01 |
| publisher | The University of Lahore |
| record_format | Article |
| series | Pakistan Journal of Engineering & Technology |
| spelling | doaj.art-886fe473a0c845c4816cb769c41e78ff2022-12-21T20:21:21ZengThe University of LahorePakistan Journal of Engineering & Technology2664-20422664-20502019-08-0121An Econometric Analysis of Energy Consumption in PakistanHafiz Muhammad Zubair0Muhammad Imran1Adeel Qadir2Umer Akram3Muhammad Tariq4University of LahoreThe University of LahoreThe University of LahoreThe University of LahoreThe University of LahoreEnergy sector plays a key role and a dominant factor for the economic growth of country. This research article compares the relationship between energy consumption and economic growth. In Pakistan, main sources of energy generation are primarily contingent on traditional fuels and its large percentage is imported and also linked strongly with Gross Domestic Product (GDP). In fact most countries, especially underdeveloped, relies more on oil to meet energy demands but if affects the economy unfavorably. Its import in a great way also affects the nation indirectly by causing unexpected inflation. On oil, Local traditional alternative fuels must be preferred to maintain the economic growth. In this research article, energy model Long-Range Energy Alternatives Planning System (LEAP) has been used in various scenarios to find out energy demand for 2013 and has predicted the demand till year 2040. This analysis uncovers and postulates the new postulates for the think tanks to find out best alternatives headway of energy sector of Pakistan to overcome on energy deficiency in coming years.http://dev.ojs.com/index.php/pakjet/article/view/59Energy Outlook; Energy Planning; Modeling; Scenario Analysis; LEAP |
| spellingShingle | Hafiz Muhammad Zubair Muhammad Imran Adeel Qadir Umer Akram Muhammad Tariq An Econometric Analysis of Energy Consumption in Pakistan Pakistan Journal of Engineering & Technology Energy Outlook; Energy Planning; Modeling; Scenario Analysis; LEAP |
| title | An Econometric Analysis of Energy Consumption in Pakistan |
| title_full | An Econometric Analysis of Energy Consumption in Pakistan |
| title_fullStr | An Econometric Analysis of Energy Consumption in Pakistan |
| title_full_unstemmed | An Econometric Analysis of Energy Consumption in Pakistan |
| title_short | An Econometric Analysis of Energy Consumption in Pakistan |
| title_sort | econometric analysis of energy consumption in pakistan |
| topic | Energy Outlook; Energy Planning; Modeling; Scenario Analysis; LEAP |
| url | http://dev.ojs.com/index.php/pakjet/article/view/59 |
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