Indian Journal of Science and Technology
DOI: 10.17485/ijst/2019/v12i45/147141
Year: 2019, Volume: 12, Issue: 45, Pages: 1-8
Original Article
Zahoor Hussain Javed1,*, Muhammad Shabir2, Liaqat Ali Waseem3, Khalid Iqbal1 and Mamoona Munir1
1 Department of Economics, GC University Faisalabad, Pakistan; [email protected] , [email protected], [email protected]
2 Department of Sociology, GC University Faisalabad, Pakistan; [email protected]
3 Department of Geography, GC University Faisalabad, Pakistan; [email protected]
Background/objectives: The use of nuclear energy plays very imperative role in economic growth. Method/findings: The present study employs ARDL approach to inspect alternative and nuclear power (% of total power use) and GDP per capita (constant 2010 US$) (economic growth) in Pakistan 1971–2014. Findings: The ARDL approach suggests that the dependent variable and regressor have long-term equilibrium but they are insignificant. The outcomes also propose that, both the long-term and short term, nuclear power utilization has a non-negative impact on economic growth. As a final point, the Granger causality analysis shows a unidirectional causality between alternative and nuclear power (% of total power use) and GDP per capita (constant 2010 US$). Application: Furthermore, the ARDL test in this study suggests that nuclear energy is an effective solution to boost economic growth in Pakistan and gives useful information for policymakers.
Keywords: Nuclear Power, Economic Growth, ARDL Approach, Pakistan.
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