Pakistan: Energy Consumption and Economic Growth

T. Ria
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T. Ria: Newcastle-lipon-Tyne Polytechnic, Newcastle-upon-Tyne (UK).

The Pakistan Development Review, 1984, vol. 23, issue 2-3, 431-456

Abstract: After the Arab oil embargo of 1973, oil prices rose rapidly and the energyimporting economies experienced an exogenously determined real supply shock, which, in most cases,led to a fall in their rates of economic growth and a correspond- I ing rise in the rates of inflation.) The energy situation emerged as a serious issue and the relationship between energy consumption and economic growth came into sharp focus. The last decade has been a period of disequilibrium, structural adjustment and adoption of strategies to cope with the previously unknown phenomenon of stagflation.

Date: 1984
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