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Measuring Energy Poverty and Its Impact on Economic Growth in Pakistan
Version 1
: Received: 14 August 2021 / Approved: 16 August 2021 / Online: 16 August 2021 (09:00:19 CEST)
A peer-reviewed article of this Preprint also exists.
Ullah, S.; Khan, M.; Yoon, S.-M. Measuring Energy Poverty and Its Impact on Economic Growth in Pakistan. Sustainability 2021, 13, 10969. Ullah, S.; Khan, M.; Yoon, S.-M. Measuring Energy Poverty and Its Impact on Economic Growth in Pakistan. Sustainability 2021, 13, 10969.
Abstract
During the last two decades, energy poverty has captured a 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 1990 to 2017. In particular, our energy poverty indicator considers four main dimensions of energy poverty, namely, energy services, clean energy, energy governance and energy affordability. Our main results show that though the overall energy poverty has reduced in Pakistan during the selected sample period, the country shows an increasing dependence on polluted energy supply in order to meet its growing demand of energy. In second stage of the investigation, we test the neoclassical growth theory where we incorporate energy poverty along with human capital as source of economic growth. Our cointegration results reveal a strong relationship between energy poverty and economic growth that is also dynamically stable in short run. These strong negative linkages between energy poverty with economic growth for the sample economy complement the previous literature on the subject.
Keywords
energy poverty; economic growth; energy governance; multidimensional poverty
Subject
Business, Economics and Management, Economics
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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