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- Title
Energy Substitution Effect in Major Energy Consumption Sectors of Pakistan: Translog Cost Function.
- Authors
Nazir, Sidra; Mahmood, Nasir; Hmaeed, Gulnaz
- Abstract
There is inadequate works available in case of Pakistan that tested rebound effect (RE) having energy use and its impacts on environment, this study, comparative analysis of energy substitution effect on Pakistan' three major energy consumption sectors industrial, transport and electricity sector has done, by using translog cost function in time series data framework. From analysis, it has been concluded to have diseconomies of scale in each sector of economy of Pakistan, as elasticity of cost concerning output is greater than one. All energy and nonenergy-inputs are substitutes for each or but labor is needed more than any or input sectoral wise as it is cheaper and easily available in Pakistan. From results, in industrial sector capital intensive production has preferred to increase use of energy. RE in Pakistan is negative, which means super conservation or have less use of energy. This could be having high price of energy-inputs and underdevelopment, disinvestment so less profit and income generation, and technological progress leads to less use of resources.
- Subjects
ENERGY consumption; ELECTRICITY; ELASTICITY; DISECONOMIES of scale; COMPARATIVE studies
- Publication
Review of Economics & Development Studies, 2022, Vol 8, Issue 2, p167
- ISSN
2519-9692
- Publication type
Article
- DOI
10.47067/reads.v8i2.448