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      The energy demand in the manufacturing sector of Pakistan: some further results

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      Author
      Mahmud, S. F.
      Date
      2000
      Source Title
      Energy Economics
      Print ISSN
      0140-9883
      Electronic ISSN
      1873-6181
      Publisher
      Elsevier BV
      Volume
      22
      Issue
      6
      Pages
      641 - 648
      Language
      English
      Type
      Article
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      Abstract
      The purpose of this study was to re-examine the role of energy in the manufacturing sector of Pakistan using a Partial Equilibrium Approach. GL restricted cost function along with the factor demand equations were estimated using Zellner's iterative procedure. Higher energy prices do not seem to adversely affect investment in capital. Substitution possibilities between energy and non-energy inputs are very limited and therefore energy price hikes may directly affect the cost of production. Inter-fuel cross price elasticities indicate that there are substitution possibilities between electricity and gas. (C) 2000 Elsevier Science B.V. All rights reserved. JEL classification: Q41.
      Keywords
      Energy
      Manufacturing
      Pakistan
      Permalink
      http://hdl.handle.net/11693/10923
      Published Version (Please cite this version)
      http://dx.doi.org/10.1016/S0140-9883(99)00031-6
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      • Department of Economics 649
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