PROBABILITY DISTRIBUTION OF ENERGY DEMAND FORECASTS FOR PAKISTAN

Salim Chishti, Noorul Hassan and Mahpara Sadaqat ()

Pakistan Journal of Applied Economics, 1990, vol. 9, issue 2, 107-116

Abstract: Energy sector is relatively more sensitive. Its effects almost instantaneously reach out to the rest of the economy. High population growth could with rapid urbanization has put tremendous pressures on demand management of this sector. The planning process and appropriate pricing policies need to be based on more objective information. In this study, energy demand projections for the residential sector in Pakistan have been made and the extent of uncertainty of these projection have been assessed on the basis of a bootstrapped probability distribution of the projected demand. Price and income elasticizes of aggregate energy demand and of its components have also been estimated

Date: 1990
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