Bulletin of Business and Economics (BBE)

ISSN - 2414-1771 (Print)

ISSN - 2409-9368 (Online)


Fuel Demand Elasticities for Energy and Environmental Policies: Evidence from Household Data in Pakistan


Authors:

Nazish Tehseen, Sheraz Ali Khan

Citation:

Tehseen, N. and Khan, S. A. (2017). Fuel Demand Elasticities for Energy and Environmental Policies: Evidence from Household Data in Pakistan.Bulletin of Business and Economics, 6(3), 117-129.

Abstract:

Energy can be considered as condition for both financial growth and a higher set of living. Due to increase in demand of electricity Pakistan is facing many problems of energy. An incorporated plan is required to enhance the efficiency of energy. This study has investigated the most thoughtful economic problem of this era. Today electricity and gas have a great impact on economic life of any person. No one can deny the importance of these natural resources. I have tried my best to find out the weaknesses in these two dimensions and want to highlight the lack of interest of our government in the welfare of humans according to these resources. A middle income person always used the low appliances in their household budget. But our elite class always uses a big part of these resources in their luxuries and in hustle bustle of life. The analysis is based on the cross sectional data for about 16341 households covering the period 2010-2011. Ordinary Least Square and Tobit is used for electricity demand function estimation. From this research I have concluded that prices play a significant role in these resources of demand, but income shows insignificant effect.

Keywords:

energy, household, OLS

Jel Code:

O13, D10

Article Type:

Research Article

Pages:

117-129

Publisher:

Research Foundation for Humanity (RFH)


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