Measuring Energy Poverty and Its Impact on Economic Growth in Pakistan

During the last two decades, energy poverty has captured the growing attention of researchers and policymakers due to its strong association with economic poverty and poor economic performance. This study uses a broad set of macro level indicators and makes the first attempt to measure energy povert...

Full description

Saved in:
Bibliographic Details
Published inSustainability Vol. 13; no. 19; p. 10969
Main Authors Ullah, Shafqut, Khan, Muhammad, Yoon, Seong-Min
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 01.10.2021
Subjects
Clean energy
Developing countries
Economic development
Economic growth
Economics
Energy consumption
Energy demand
Energy industry
Energy poverty
GDP
Gross Domestic Product
Human capital
Impact analysis
LDCs
Level indicators
Per capita
Poverty
Sustainable development
Time series
Pakistan
Online AccessGet full text

Cover

More Information
Summary:During the last two decades, energy poverty has captured the growing attention of researchers and policymakers due to its strong association with economic poverty and poor economic performance. This study uses a broad set of macro level indicators and makes the first attempt to measure energy poverty and its impact on economic growth of Pakistan over the period of 1990 to 2017. Our energy poverty indicator considers four main dimensions of energy poverty, namely, energy services, clean energy, energy governance and energy affordability. A composite value of the energy poverty index shows that although the overall energy poverty has reduced in Pakistan during the selected sample period, the country shows an increasing dependence on polluted energy supply to meet its growing energy demand. In the second stage of investigation, the study tests the neoclassical growth theory where we incorporate energy poverty along with human capital as a source of economic growth. The main findings show a stable short-run cointegration between energy poverty and economic growth. These strong negative linkages between energy poverty and economic growth for the sample economy complement the previous literature on the subject.
ISSN:2071-1050
2071-1050
DOI:10.3390/su131910969