Responsiveness of Electricity Generation Towards Price Level: An Empirical Investigation from Pakistan
Pakistan Journal of Humanities and Social Sciences, Jan-June 2014, Volume 2, No. 1, Pages 18-27
10 Pages Posted: 12 Jan 2016
Date Written: January 12, 2016
The purpose of this study is to explore the effect of Electricity Generation on Price level of Pakistan’s Economy during period from 1981 to 2013. ARDL estimation technique is followed for reliable long run and short run estimates of the model. For elasticities of Price level, all variables are transformed into natural log form. Electricity Generation is discovered as declining price level while exports, money supply and external debt are increasing price level of Pakistan.
Keywords: Price Level, Electricity Generation, ARDL, Money Supply, Exports, External Debt
JEL Classification: C32, E31, E51, H63, O13, Q43
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