Abstract
In Socio-Economic development, the role of energy is very crucial, and often
its consumption indicates the level of economic development and is considered
as a vital ingredient of sustainable economic growth. Electricity as a key input variable plays a
supreme role in the process of industrialization (IND), Economic growth (GDP) as well as
technological progress (TEC) of a country. By utilizing time-series data from 1975 up to 2017,
the study attempted to examine the nexus between EC and GDP of Pakistan in the Cobb Douglas
production function framework. The study results reveal that EC, labor force, capital stocks, and
technology, have positively and significantly affect Pakistans GDP growth. The study concluded
and recommended that economic performance cannot be improved in the absence of continuous
usage of electricity. Therefore, to achieve the desired economic growth path, uninterrupted
electricity consumption is pivotal.
Authors
1-Raza Muhammad khan Teaching Asistant, Department of Economics,Hazara University, Mansehra, KP, Pakistan.2-Sohail Farooq Assistant Professor,Department of Economics,Hazara University, Mansehra, KP, Pakistan.3-Muhammad Akram Gilal Associate Professor,Department of Economics,University of Sindh, Jamshoro, Sindh, Pakistan.
Keywords
Economic Growth, Electricity Usage, Industrialization.
DOI Number
10.31703/ger.2020(V-I).03
Page Nos
24-37
Volume
V
Issue
I