Innovation Investments and Energy Efficiency in Iranian Industries

Mahmood Mahmoodzadeh (), Somaye Sadeghi (), Soraya Sadeghi () and Saleh Ghavidel ()
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Mahmood Mahmoodzadeh: Department of Economics, Firoozkooh Branch, Islamic Azad University
Somaye Sadeghi: Department of Economics, Firoozkooh Branch, Islamic Azad University
Soraya Sadeghi: MA in Economics
Saleh Ghavidel: Department of Economics, Firoozkooh Branch, Islamic Azad University,Firoozkooh

No 2804578, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: This paper investigates the effects of innovation investments in Iranian industries including R&D expenditures (disaggregated as domestic and foreign) and ICT investments on energy intensity in three clusters of Iranian industries including small, medium and large size industries. We used the GMM panel method to estimate during 2000-2009 periods. The results show that in all clusters, domestic R&D expenditures have not significant effect on energy intensity, while foreign R&D expenditures induces to decrease considerably energy intensity. Also, ICT investments cause to increase energy intensity. Moreover, as expected, the spillovers from these innovations, especially R&D spillover cause to decrease energy intensity. Overall, in Iranian firms, innovation investments, in particular foreign R&D expenditures play a substantial role to improve energy efficiency.

Keywords: Energy Intensity; ICT Investments; Domestic R&D; Foreign R&D; Spillovers (search for similar items in EconPapers)
Pages: 12 pages
Date: 2015-10
New Economics Papers: this item is included in nep-cse, nep-cwa, nep-ene and nep-ino
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Published in Proceedings of the Proceedings of the 19th International Academic Conference, Florence, Oct 2015, pages 508-519

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:2804578

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