Open AccessResponsiveness of Electricity Generation Towards Price Level: An Empirical Investigation From Pakistan
Author(s) -
Hafiz Saqib Mehmood Najmi,
Farrukh Bashir,
Farida Nadeem
Publication year - 2014
Publication title -
pakistan journal of humanities and social sciences
Language(s) - English
Resource type - Journals
eISSN - 2709-801X
pISSN - 2415-007X
DOI - 10.52131/pjhss.2014.0201.0007
Subject(s) - economics , electricity , electricity price , price level , monetary economics , electricity generation , estimation , short run , econometrics , debt , macroeconomics , power (physics) , physics , management , quantum mechanics , electrical engineering , engineering
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.