Energy Consumption and Industrial Sector Performance in Pakistan

Abstract

Energy consumption has central value to evaluate the performance of manufacturing sectors. The purpose of this study is to look into consumption of energy and performance of industrial sector in Pakistan. The period of analysis is from 1980 to 2016. The long run results showed oil and electricity consumption has positive affiliation with performance of industrial sector. Total renewable consumption of energy, energy imports and gross capital formation have negative connection with Pakistan’s industrial sector performance. Moreover, the trade and labor force are found for the positive relationship with performance of industrial sector. The study advised that the government ought to target their renewable energy resources to urge get advantage from their renewable energy resources which is able to improve the industrial sectors’ performance and economic growth of Pakistan.