2021

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Browsing 2021 by Author "Shanemohammad Chaudry Abdulgafor"

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    Determinants of Renewable Energy Consumption
    (UMT.Lahore, 2021) Shanemohammad Chaudry Abdulgafor
    This study analyses the relationship between renewable energy consumption and macroeconomic variables in Pakistan by using the estimation technique of autoregressive distributed lags (ARDL) bound testing method originate by analyzing the long-run relationships between renewable energy consumption with macroeconomic variables for the period of 1988 – 2018 in Pakistan. The results present the assurance of a significant but negative long-run relationship of renewable energy consumption with oil prices, gross capital fixed formation, financial development, and exchange rate in Pakistan. That is why research finds that renewable energy may enhance the economic growth in the long term if the Pakistani government may feasibly take steps in the development and find new ways to the exploration of renewable energy sources.