Abstract
This paper investigates asymmetric effects of renewable and nuclear energy on economic growth by extending production function along with labor and capital for Pakistan’s economy. Paper utilises non-linear autoregressive distributed lag model with the yearly data of 1990–2016 to extract reliable facts. Results reveal the presence of asymmetric co-integration among variables. Results offer evidence of positive and negative shocks to renewable and nuclear energy variables will have positive impact on economic growth. Further, capital formation contributes positive to economic growth. Addition to this, two more conventional models have been constructed to investigate asymmetric impacts of economic growth, oil prices, oil consumption and CO2 emissions on nuclear and renewable energy consumption. Results reveal that oil consumption leads to a negative impact on renewable energy consumption while it is neutral for nuclear energy consumption. Oil price was having neutral impact on renewable and nuclear energy consumption. Policy suggestions are given based on empirical results.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
