Investigating Factors Affecting Energy Intensity with Emphasis on Structural Break in Iran
Due to the importance of limited energy resources in the world, researchers and policy makers pay more attention to energy intensity. The purpose of the paper is to study the effect of structural break on factors influencing energy intensity in Iran during the period of 1979-2013. The Fully Modified...
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| Format: | Article |
| Language: | fas |
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Tarbiat Modares University
2019-06-01
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| Series: | پژوهشهای اقتصادی |
| Subjects: | |
| Online Access: | http://ecor.modares.ac.ir/article-18-15313-en.pdf |
| _version_ | 1827924915427213312 |
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| author | mohsen ebrahimi Siab Mamipour milad bani mashhadi |
| author_facet | mohsen ebrahimi Siab Mamipour milad bani mashhadi |
| author_sort | mohsen ebrahimi |
| collection | DOAJ |
| description | Due to the importance of limited energy resources in the world, researchers and policy makers pay more attention to energy intensity. The purpose of the paper is to study the effect of structural break on factors influencing energy intensity in Iran during the period of 1979-2013. The Fully Modified Ordinary Least Squares (FMOLS) method was used to estimate co-integrating relationships among variables under study. The results showed that energy price and foreign direct investment had negative effects, and share of industrial value added had a significant positive effect on energy intensity. Then structural break was included in the model as a dummy variable. Findings indicate that 1987’s structural break has reduced the impact of energy price and industrial value added, which points to a decrease in the price elasticity of energy intensity and an increase in productivity of the industrial sector after structural break. However, such break had no significant effect on the relationship between direct foreign investment and energy intensity. |
| first_indexed | 2024-03-13T05:18:40Z |
| format | Article |
| id | doaj.art-ea4f82c8994147b48d2be361bc374ff9 |
| institution | Directory Open Access Journal |
| issn | 1735-6768 2980-7832 |
| language | fas |
| last_indexed | 2024-03-13T05:18:40Z |
| publishDate | 2019-06-01 |
| publisher | Tarbiat Modares University |
| record_format | Article |
| series | پژوهشهای اقتصادی |
| spelling | doaj.art-ea4f82c8994147b48d2be361bc374ff92023-06-15T20:23:55ZfasTarbiat Modares Universityپژوهشهای اقتصادی1735-67682980-78322019-06-0119287108Investigating Factors Affecting Energy Intensity with Emphasis on Structural Break in Iranmohsen ebrahimi0Siab Mamipour1milad bani mashhadi2 Associate Professor in Economics, Kharazmi University, Tehran Assistant Professor in Economics, Kharazmi University, Tehran M.A. in Energy Economics, Kharazmi University, Tehran Due to the importance of limited energy resources in the world, researchers and policy makers pay more attention to energy intensity. The purpose of the paper is to study the effect of structural break on factors influencing energy intensity in Iran during the period of 1979-2013. The Fully Modified Ordinary Least Squares (FMOLS) method was used to estimate co-integrating relationships among variables under study. The results showed that energy price and foreign direct investment had negative effects, and share of industrial value added had a significant positive effect on energy intensity. Then structural break was included in the model as a dummy variable. Findings indicate that 1987’s structural break has reduced the impact of energy price and industrial value added, which points to a decrease in the price elasticity of energy intensity and an increase in productivity of the industrial sector after structural break. However, such break had no significant effect on the relationship between direct foreign investment and energy intensity.http://ecor.modares.ac.ir/article-18-15313-en.pdfenergy pricesforeign direct investmentenergy intensitystructural breakiran |
| spellingShingle | mohsen ebrahimi Siab Mamipour milad bani mashhadi Investigating Factors Affecting Energy Intensity with Emphasis on Structural Break in Iran پژوهشهای اقتصادی energy prices foreign direct investment energy intensity structural break iran |
| title | Investigating Factors Affecting Energy Intensity with Emphasis on Structural Break in Iran |
| title_full | Investigating Factors Affecting Energy Intensity with Emphasis on Structural Break in Iran |
| title_fullStr | Investigating Factors Affecting Energy Intensity with Emphasis on Structural Break in Iran |
| title_full_unstemmed | Investigating Factors Affecting Energy Intensity with Emphasis on Structural Break in Iran |
| title_short | Investigating Factors Affecting Energy Intensity with Emphasis on Structural Break in Iran |
| title_sort | investigating factors affecting energy intensity with emphasis on structural break in iran |
| topic | energy prices foreign direct investment energy intensity structural break iran |
| url | http://ecor.modares.ac.ir/article-18-15313-en.pdf |
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