The Effect of Economic Growth on Energy Consumption in Iranian Economic Sectors

Aboalghasem Mortazavi (), Mehdi Elahi () and Mohammad Ali Assadi ()
Additional contact information
Aboalghasem Mortazavi: Assistant Professor of Agricultural Economics, Tarbiat Modares University
Mehdi Elahi: M.A. Student of Agricultural Economics, Tarbiat Modares University
Mohammad Ali Assadi: PH.D Student of Agricultural Economics, Tarbiat Modares University

Quarterly Journal of Applied Theories of Economics, 2018, vol. 5, issue 3, 1-20

Abstract: Energy as a consumer input is of particular importance in all sectors of the economy. This study aims to investigating the factors affecting on energy consumption in different sectors of the economy of the country (industry, mining, services and agriculture) using combined data during 1986-2016. To achieve this goal were used of panel cointegration analysis and to estimate short and long-run relationships from Dynamic Least Squares (DOLS) and Integrated Mean Groups (MG) test, respectively. The long-run estimation of the model states that there is a significant and positive relationship between capital and gross domestic product with energy consumption and a non-significant relationship between labor force and energy consumption. Also, the short-run relationship between all variables in the model was confirmed. The other results of the research showed that the elasticity of energy consumption in the economic sectors is positive and significant to labor force, capital and GDP in agriculture, industry and mining and services sectors.

Keywords: energy consumption; Economic growth; Labor Force; MG; DOLS. (search for similar items in EconPapers)
JEL-codes: C33 O13 Q43 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://ecoj.tabrizu.ac.ir/article_7748_9340b8e93ff1f90248b8567857dab1b0.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:qjatoe:0116

Access Statistics for this article

Quarterly Journal of Applied Theories of Economics is currently edited by Sakineh Sojoodi

More articles in Quarterly Journal of Applied Theories of Economics from Faculty of Economics, Management and Business, University of Tabriz Contact information at EDIRC.
Bibliographic data for series maintained by Sakineh Sojoodi ().