气候变化领域集成服务门户(CCPortal): Graph theoretic approach to expose the energy-induced crisis in Pakistan

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DOI	10.1016/j.enpol.2022.113174
	Graph theoretic approach to expose the energy-induced crisis in Pakistan
	Fazal, Rizwan; Rehman, Syed Aziz Ur; Bhatti, M. Ishaq
发表日期	2022
ISSN	0301-4215
EISSN	1873-6777
卷号	169 页码:11
英文摘要	Pakistan is an energy-deficient country and relies heavily on imported fossil fuels despite significant potential for it to instead develop renewable energy resources. This paper employs a newly developed causality determination scheme known as the Graph Theoretic Approach (GTA), which is based on the modified Peter and Clark algorithm. In this study the energy-inflation causal nexus has been investigated using real time-series data covering the past 30 years (1990-2019) based on nine key variables of the economy, i.e., inflation rate, oil prices, interest rate, money supply, GDP, exchange rate, unit value of import, unit value of export and output shortfalls. Results show that causality runs from energy prices and interest rate to inflation, suggesting that energy prices and interest rate are positively associated with inflation. Moreover, both energy prices and monetary policy have cost-side effects on inflation; however, the latter becomes counterproductive whenever a high interest rate is used to curtail energy-push-inflation. It is concluded that, an increased dependence on imported fossil fuels causes energy-push-inflation. Therefore, policymakers need to incorporate much more renewable energy resources in the fuel mix so that heavy energy import bills can be avoided in the long-run, thereby controlling the cost-side channel of inflation.
英文关键词	Energy-push inflation; Energy-inflation nexus; Graph theoretic approach; Monetary policy; Pakistan; Renewable energy resources
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000855683300013
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272210
作者单位	University of Veterinary & Animal Science - Pakistan; La Trobe University
推荐引用方式 GB/T 7714	Fazal, Rizwan,Rehman, Syed Aziz Ur,Bhatti, M. Ishaq. Graph theoretic approach to expose the energy-induced crisis in Pakistan[J],2022,169:11.
APA	Fazal, Rizwan,Rehman, Syed Aziz Ur,&Bhatti, M. Ishaq.(2022).Graph theoretic approach to expose the energy-induced crisis in Pakistan.ENERGY POLICY,169,11.
MLA	Fazal, Rizwan,et al."Graph theoretic approach to expose the energy-induced crisis in Pakistan".ENERGY POLICY 169(2022):11.