Research article · Volume 6, Issue 3 · 2020
The Impact of Energy Crisis on Pakistan's Trade: an Econometric Analysis
Touseef Ahmed, Prof. Dr. Abdul Ghafoor Awan
Abstract
The objective of this research paper is to analyze the impact of Energy crisis on Pakistan's economy. For this purpose, time series annual data was collected from World Development Indicators, Economic Survey of Pakistan, and handbook of Statistics on Pakistan Economy 2015 for the period 1972-2017. Natural log was applied to all variables to estimate their elastic- ity. Different analytical techniques such as descriptive statistic, correlation analysis and ARDL Bound Test, ADF test were used to analyze data. The re- sults show that two-way causality exists between selected variables. ADF's Unit Root Test reveals that variables of the model are stationer at different orders so we can apply ARDL approach. The ARDL Model results show the existence of long run relationship between variables.
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Published in
Vol 6 - No. 3 (July - Sept, 2020)
Volume 6, Issue 3 · 10 articles · published 2020
Cite this article
Touseef Ahmed, Prof. Dr. Abdul Ghafoor Awan (2020). The Impact of Energy Crisis on Pakistan's Trade: an Econometric Analysis. Global Journal of Management, Social Sciences and Humanities, 6(3), 587-612. https://gjmsweb.com/article/the-impact-of-energy-crisis-on-pakistan-s-trade-an-econometric-analysis-73ce85e.html
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