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Energy Consumption and Real GDP in Iran

Author

Listed:
  • Ali A. Naji Meidani

    (Department of Economics, Faculty of Economic and Administrative Sciences, Ferdowsi University of Mashhad. PO box 91779-48951, Park Square, Iran.)

  • Maryam Zabihi

    (Department of Economics, Faculty of Economic and Administrative Sciences, Ferdowsi University of Mashhad. PO box 91779-48951, Park Square, Iran.)

Abstract

As one of the most important production factors and one of the most urgent final products, energy has a special position in the growth and development of the country. This paper examines the causal relationship between Real GDP and energy consumption in various economic sectors including (household and commercial, industry, transportation and agriculture sectors) for Iran during 1967 2010 using the time series technique known as the Toda-Yamamoto method. Moreover, an error correction model is also estimated so that the results of these two methods are compared. We found a strong unidirectional causality from energy consumption in industry sector to real gross domestic product. Energy consumption in industry sector can observably promote the development of economy.

Suggested Citation

  • Ali A. Naji Meidani & Maryam Zabihi, 2014. "Energy Consumption and Real GDP in Iran," International Journal of Energy Economics and Policy, Econjournals, vol. 4(1), pages 15-25.
    • Handle: RePEc:eco:journ2:2014-01-2
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    Citations

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    Cited by:

    1. Muhammad Fikry Hadi & Muhammad Hidayat & Dwi Widiarsih & Neng Murialti, 2021. "The Role of Electricity and Energy Consumption Influences Industrial Development between Regions in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 403-408.
    2. Samir, Saidi & Shahbaz, Muhammad & Akhtar, Pervaiz, 2018. "The Long-Run Relationship between Transport Energy Consumption and Transport Infrastructure on Economic Growth in MENA Countries," MPRA Paper 85037, University Library of Munich, Germany, revised 06 Mar 2018.
    3. Wen-Chi Liu, 2020. "The Relationship between Primary Energy Consumption and Real Gross Domestic Product: Evidence from Major Asian Countries," Sustainability, MDPI, vol. 12(6), pages 1-16, March.
    4. Saidi, Samir & Shahbaz, Muhammad & Akhtar, Pervaiz, 2018. "The long-run relationships between transport energy consumption, transport infrastructure, and economic growth in MENA countries," Transportation Research Part A: Policy and Practice, Elsevier, vol. 111(C), pages 78-95.

    More about this item

    Keywords

    energy consumption; real GDP; causality; Iran.;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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