توسعه مالی
hossein fathizadeh; masooud nonejad; Ali Haghighat; abbas aminifard
Abstract
This study investigates the relationship between economic growth, energy intensity and financial development in the agricultural, industry and mining and services sectors of the Iranian economy. For this purpose, annual time series data of the sectors during the period from 1974 to 2016 were used. ...
Read More
This study investigates the relationship between economic growth, energy intensity and financial development in the agricultural, industry and mining and services sectors of the Iranian economy. For this purpose, annual time series data of the sectors during the period from 1974 to 2016 were used. To analyze the relationships, Autoregressive Distributed Lags (ARDL) and Structural Vector Autoregressive (SVAR) methods were used. The results of the long-run relationship of the ARDL model show that the impact of energy intensity on the economic growth of industry and mining, and services sectors is negative and significant and positive and significant in agriculture sector. The effect of financial development on economic growth in agriculture sector and industry and mining sector is positive and significant, while despite the positive impact of financial development on economic growth in services sector, the coefficient of this variable is not statistically significant. Furthermore, based on the results of variance decomposition in SVAR model, energy intensity growth and financial development growth have had a large share of economic growth fluctuations in different sectors of Iranian economy. Similarly, economic growth and financial development have also played a significant part in the energy intensity fluctuations of the sectors. Finally, energy intensity has the largest share of fluctuations in financial development in industry sector, while the economic growth has also played a considerable part in the fluctuations of financial development in the services sector.
Energy
Shokooh Mahmoodi; seyed abdolmajid jalaee esfand abadi
Volume 7, Issue 28 , September 2017, , Pages 127-140
Abstract
In this research the effect of energy intensity shocks on energy use of three sectors of economy is studied through input-output table and the dependence of every following section on energy section is computed by calculating forward linkage index of energy sector with each following section. The results ...
Read More
In this research the effect of energy intensity shocks on energy use of three sectors of economy is studied through input-output table and the dependence of every following section on energy section is computed by calculating forward linkage index of energy sector with each following section. The results show that industy sector has most dependence on energy sector and provide 3% of it’s input from energy sector and after that services and agriculture sectors provide 1.3 and 1.2 percent of their input from energy sector. The coefficients of sensitivity and Power of Dispersion Index of energy sector associated with the agricultural sector indicate that the impact of energy sector on the agricultural sector is greater than the influence of this sector from agricultural sector. By calculating energy intensity shock and considering it’s effect on energy use of economy sectors, forward linkage index of energy sector with each sector is increased equally and also their dependence is increased too.
ا
mehdi shabanzadeh; emran taheri; farshid Farshid Riahi Dorche
Volume 7, Issue 27 , July 2017, , Pages 143-156
Abstract
Iran as a developing country, having massive energy resource endowments is one of the examples of growth pattern with pressure on natural resources. energy as inputs in agriculture of Iran has particular importance. Reviewing the energy consumption in the agricultural sector, shows that, along with increased ...
Read More
Iran as a developing country, having massive energy resource endowments is one of the examples of growth pattern with pressure on natural resources. energy as inputs in agriculture of Iran has particular importance. Reviewing the energy consumption in the agricultural sector, shows that, along with increased production and consumption of energy, including oil products and electricity, the value added of this sector is increased during the different years. But the fundamental question that arises is what causes the expansion of energy consumption in the agricultural sector of Iran. Is this increase was influenced by the expansion of trade and development? With this approach, in this study was investigated the relationship between economic development, diversification, trade liberalization and energy intensity in agriculture of Iran. In order to achieve this goal, by using modeling algorithms Fomby, relationship between diversification index, the share of agriculture in GDP and trade liberalization with energy intensity identifying and then in the framework of Johansen-Juselius cointegration model was examined for the period 1981-2012. The drought in 2008 as an effective dummy variable were considered in the short term. The results of this study showed existence of long-term relationship between the variables. So that, the effect of diversification and trade liberalization on energy intensity were positive and effects of share of agriculture was negative on energy intensity. The diversification was the most effective variable on energy intensity index. Because with a 1% increase in diversification, energy intensity will be reduced by 12.31%. The error correction coefficient was significant at the level of 1%. This subject shows that energy intensity shall be adjusted towards the long-run equilibrium by 0.09% per year.
