The Demand for Electricity in Pakistan

27 Pages Posted: 8 May 2006

See all articles by Apostolos Serletis

Apostolos Serletis

University of Calgary - Department of Economics

Asghar Shahmoradi

University of Calgary - Department of Economics; International Monetary Fund (IMF)

Abstract

This paper examines the patterns of electricity demand in Pakistan over the period 1970–2006 using autoregressive distributed lag technique to cointegration. Long run and short-run price and income elasticities are examined for the national level and for the three major consumer's categories—households, industry and agriculture. The overall results suggest that income and price elasticities possess expected signs at aggregate and disaggregate levels in the long run as well as in the short run. The error correction terms possess expected negative signs and are highly significant with reasonable magnitudes. Furthermore, the estimated long run and short-run electricity demand functions remains stable over the sample period. The results thus convey important information to the agents operating in the electricity market regarding the pricing policies and helps in planning the future strategy of electricity demand management.

Suggested Citation

Serletis, Apostolos and Shahmoradi, Asghar, The Demand for Electricity in Pakistan. OPEC Energy Review, Vol. 33, Issue 1, pp. 70-96, March 2009. Available at SSRN: https://ssrn.com/abstract=889154 or http://dx.doi.org/10.1111/j.1753-0237.2009.00158.x

Apostolos Serletis (Contact Author)

University of Calgary - Department of Economics ( email )

2500 University Drive, NW
Calgary, Alberta T2N 1N4
Canada
403 220-4091 (Phone)
403 282-5262 (Fax)

Asghar Shahmoradi

University of Calgary - Department of Economics ( email )

2500 University Drive, NW
Calgary, Alberta T2N 1N4
Canada

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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