Asymmetric impact of renewable and non-renewable energy on the industrial sector in Pakistan: Fresh evidence from Bayesian and nonlinear ARDL

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dc.authoridAbbasi, Kashif/0000-0002-6775-7468
dc.authoridHussain, Khadim/0000-0002-1415-4647
dc.contributor.authorAbbasi, Kashif Raza
dc.contributor.authorHussain, Khadim
dc.contributor.authorRadulescu, Magdalena
dc.contributor.authorOzturk, Ilhan
dc.date.accessioned2025-03-07T20:12:54Z
dc.date.available2025-03-07T20:12:54Z
dc.date.issued2022
dc.departmentÇağ Üniversitesi
dc.description.abstractFor the last two decades, Pakistan has faced various economic obstacles, the most significant of which is the sluggish pace of industrial expansion caused by the energy crisis. To close this gap, Pakistan's government has made several efforts to save energy and lower the country's power shortage in recent years. To bridge this gap, we concentrate on a few key drivers to demonstrate vibrant recommendations and evidence to policymakers. In this context, the study investigates the asymmetric relationship between renewable energy consumption (REC), non-renewable energy (NRE), terrorism, inflation, and international trade in the industrial sector from 1970 to 2018 in Pakistan. We employed a novel co-integration approach known as a Nonlinear Autoregressive Distributed Lag (NARDL) model with the Bayesian approach. The results show that the industrial sector is increasing due to positive shocks in REC, whereas negative shock in REC decreases significantly at a 5% level. Additionally, NRE, terrorism, and inflation are positive and have a long-term substantial effect on the industrial sector. The results suggest that the most effective strategy for Pakistan is to combat terrorism and vigorously promote renewable energy, highlighting its advantages to the environment and industrial development while avoiding non-renewable resources. (C) 2022 Elsevier Ltd. All rights reserved.
dc.identifier.doi10.1016/j.renene.2022.02.012
dc.identifier.endpage957
dc.identifier.issn0960-1481
dc.identifier.issn1879-0682
dc.identifier.scopus2-s2.0-85124249541
dc.identifier.scopusqualityQ1
dc.identifier.startpage944
dc.identifier.urihttps://doi.org/10.1016/j.renene.2022.02.012
dc.identifier.urihttps://hdl.handle.net/20.500.12507/2803
dc.identifier.volume187
dc.identifier.wosWOS:000820608800009
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPergamon-Elsevier Science Ltd
dc.relation.ispartofRenewable Energy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20241226
dc.subjectRenewable energy
dc.subjectNon-renewable energy
dc.subjectInflation
dc.subjectInternational trade
dc.subjectNARDL
dc.titleAsymmetric impact of renewable and non-renewable energy on the industrial sector in Pakistan: Fresh evidence from Bayesian and nonlinear ARDL
dc.typeArticle

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