EconPapers    
Economics at your fingertips  
 

Time-frequency Relationship between Innovation and Energy Demand in Pakistan: Evidence from Wavelet Coherence Analysis

Muhammad Salman Shabbir, Mohd Noor Mohd Shariff, Muzaffar Asad, Rabia Salman and Israr Ahmad
Additional contact information
Muhammad Salman Shabbir: School of Business Management, University Utara Malaysia, Malaysia
Mohd Noor Mohd Shariff: College of Business, University Utara Malaysia, Malaysia,
Muzaffar Asad: School of Accounting and Finance, Faculty of Management Studies, University of Central Punjab, Lahore, Pakistan
Rabia Salman: School of Business Management, University Utara Malaysia, Malaysia,
Israr Ahmad: School of Business Management, University Utara Malaysia, Malaysia

International Journal of Energy Economics and Policy, 2018, vol. 8, issue 5, 251-258

Abstract: This study examines the empirical relationship of innovation and energy demand by wavelet transform context. This innovative technique allowed the decomposition time-series of different time-frequency domains. The continuous wavelet and the wavelet coherence power spectrum is adopted in this study. The relationship between innovation and energy is investigated by using the annual data of Pakistan, from 1997 to 2016 by using three proxies of innovation which includes research & development expenditures, high technology exports, and the number of registered patent by residents. The overall results of the wavelet coherency propose that the measures of innovation are beneficial to bring change in the demand of energy in Pakistan in the long-run period. Furthermore, the results suggested that the technology-oriented innovations have reached to the level of bringing a notable reduction in the level of energy consumption in Pakistan.

Keywords: Technology innovation; energy; wavelet coherence; continuous wavelet transform (search for similar items in EconPapers)
JEL-codes: O33 K32 P18 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/6969/3949 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/6969/3949 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2018-05-31

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().

 
Page updated 2019-03-02
Handle: RePEc:eco:journ2:2018-05-31