Environmental Science
4 years ago

Renewable energy boosts economic growth in Pakistan, opening new policy avenues.

MPRA Paper
Is Renewable Energy Consumption Effective to Promote Economic Growth in Pakistan: Evidence from Bounds Testing and Rolling Window Approach
Muhammad Shahbaz, Muhammad Adnan Hye Qazi, Muhammad Zeshan

Paper Summary

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The study looked at how using renewable energy, along with capital and labor, affects economic growth in Pakistan. They used different methods to analyze the data and found that all these factors work together to boost the economy. The results showed that there is a two-way relationship between economic growth, renewable energy consumption, and capital. This suggests that using renewable energy can help the economy grow in Pakistan.