The Role of Economic Indicators in Perspective of Energy Crisis in Pakistan
Pakistan Journal of Humanities and Social Sciences, Jan-June 2014, Volume 2, No. 1, Pages 1-17
17 Pages Posted: 8 Dec 2015
Date Written: December 7, 2015
The present study aims to explore the theoretical relationship of energy crisis with different economic indicators. For this purpose, Secondary data have been used for the period of 2000 to 2012. The study focuses only on descriptive analysis of incorporated economic indicators and their conceptual links with energy crises phenomenon. This study is divided into two parts, 1st part presents pre crisis era for the duration of (2000-2005) and second part is considered as post crisis era from the period of (2006-2012). In this study average values of selected economic indicators are to be used and on a basis of these averages values, try to investigate the expected trend of energy crises in a future. The methodology which exists in the study is horizontal analysis of (Gross domestic product, inflation, unemployment, exports, imports, gross domestic saving, investment, GDP deflator, Govt. expenditure and Foreign direct investment for the given time period. All these variables are conceptually interlinked with energy crisis in the period of post crisis. The study proposed that Govt. of Pakistan should take initiative to control those factors (demand as well as supply side management issues that strikes as crisis in energy) for the betterment of the economy of Pakistan.
Keywords: Energy Crisis, Horizontal analysis, Economic indicators, GDP
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