The Impact of Energy Consumption on Services Sector Output in Developing Countries : Panel Data Analysis

The purpose of this study is to examine the influence of energyconsumption on services sector output of 69 developing countries overthe period from 1990 to 2014. The results of the study are estimatedusing Panel ARDL technique after examining stationary using Levin,Lin & Chu test of all the variables. The results of Levin, Lin & Chu testexhibit that Services sector output, labor force, capital formation,energy consumption, GDP Deflator and broad money are stationary atlevel while Government expenditure is stationary at first difference.The long run results finalizes that broad money, energy consumption,labor force , GDP deflator, government expenditure and capitalformation are increasing services sector output of developing countriesin the long run