Analyzing energy intensity of Indian Chemical industry: A panel data approach
The chemical industry is directly or indirectly connected with almost every industrial process and holds a crucial place in the economic and social advancement of India. At the same time it is however, the second highest energy intensive industry in the country. Thus, we attempt to look into the fac...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2024-03-01
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| Series: | Energy Nexus |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S277242712400010X |
| _version_ | 1797249060656119808 |
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| author | Udit Kumar Sahu Aman Kumar Ashis Kumar Pradhan |
| author_facet | Udit Kumar Sahu Aman Kumar Ashis Kumar Pradhan |
| author_sort | Udit Kumar Sahu |
| collection | DOAJ |
| description | The chemical industry is directly or indirectly connected with almost every industrial process and holds a crucial place in the economic and social advancement of India. At the same time it is however, the second highest energy intensive industry in the country. Thus, we attempt to look into the factors that affect the energy intensity of Indian chemical industry. We collect a panel dataset including a total of 2613 chemical firms for the period 2010 to 2021 for our analysis. We carry out our empirical testing under both linear and non-linear framework by employing fixed effect regression and panel quantile regression methods respectively.We find that energy intensity for the sample chemical firms increases due to poor labour productivity, huge plant and machinery, outsourcing operations, and more use of IT-enabled services. On the other hand, use of better quality raw material and advanced technology can help optimising the energy intensity. We also discover that profitable firms and firms larger in size are energy efficient. Based on the findings, we suggest professional training programs and vocational skill development programs for enhancing labour productivity. Profitable firms are suggested to invest in technological up-gradation and energy saving technology. We believe the findings of the study can provide a portfolio of variables to the managers and policy makers in order to diversify their attention to find all possible ways to reduce energy intensity of the Indian chemical firms. |
| first_indexed | 2024-03-07T21:52:00Z |
| format | Article |
| id | doaj.art-116a8432edb54c1f8fe166bda12b38fd |
| institution | Directory Open Access Journal |
| issn | 2772-4271 |
| language | English |
| last_indexed | 2024-04-24T20:24:29Z |
| publishDate | 2024-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Nexus |
| spelling | doaj.art-116a8432edb54c1f8fe166bda12b38fd2024-03-22T05:41:11ZengElsevierEnergy Nexus2772-42712024-03-0113100279Analyzing energy intensity of Indian Chemical industry: A panel data approachUdit Kumar Sahu0Aman Kumar1Ashis Kumar Pradhan2Department of Humanities and Social Sciences, Maulana Azad National Institute of Technology, Bhopal, India; Corresponding author.Department of Electrical Engineering, Indian Institute of Technology (Banaras Hindu University), Varanasi, IndiaDepartment of Humanities and Social Sciences, Maulana Azad National Institute of Technology, Bhopal, IndiaThe chemical industry is directly or indirectly connected with almost every industrial process and holds a crucial place in the economic and social advancement of India. At the same time it is however, the second highest energy intensive industry in the country. Thus, we attempt to look into the factors that affect the energy intensity of Indian chemical industry. We collect a panel dataset including a total of 2613 chemical firms for the period 2010 to 2021 for our analysis. We carry out our empirical testing under both linear and non-linear framework by employing fixed effect regression and panel quantile regression methods respectively.We find that energy intensity for the sample chemical firms increases due to poor labour productivity, huge plant and machinery, outsourcing operations, and more use of IT-enabled services. On the other hand, use of better quality raw material and advanced technology can help optimising the energy intensity. We also discover that profitable firms and firms larger in size are energy efficient. Based on the findings, we suggest professional training programs and vocational skill development programs for enhancing labour productivity. Profitable firms are suggested to invest in technological up-gradation and energy saving technology. We believe the findings of the study can provide a portfolio of variables to the managers and policy makers in order to diversify their attention to find all possible ways to reduce energy intensity of the Indian chemical firms.http://www.sciencedirect.com/science/article/pii/S277242712400010XL65Q40Q56 |
| spellingShingle | Udit Kumar Sahu Aman Kumar Ashis Kumar Pradhan Analyzing energy intensity of Indian Chemical industry: A panel data approach Energy Nexus L65 Q40 Q56 |
| title | Analyzing energy intensity of Indian Chemical industry: A panel data approach |
| title_full | Analyzing energy intensity of Indian Chemical industry: A panel data approach |
| title_fullStr | Analyzing energy intensity of Indian Chemical industry: A panel data approach |
| title_full_unstemmed | Analyzing energy intensity of Indian Chemical industry: A panel data approach |
| title_short | Analyzing energy intensity of Indian Chemical industry: A panel data approach |
| title_sort | analyzing energy intensity of indian chemical industry a panel data approach |
| topic | L65 Q40 Q56 |
| url | http://www.sciencedirect.com/science/article/pii/S277242712400010X |
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