Abstract
The Iranian government is reforming energy prices. These reforms target (amongst other things) energy use patterns in industry. To understand aspects of potential effects, we explore the short and long run relationships between energy prices, energy intensity, and technological improvement in Iranian industry. Within an Auto Regressive Distributed Lag (ARDL), the bounds testing approach to co-integration and error correction models was applied to data for the period of 1986–2015. Our results indicate that there is a long run relationship between energy prices and energy intensity. In addition, technology change is found to have a constructive impact on energy intensity in Iran's industry. We suggest that Iranian government might consider the diffusion of low energy-intensive technology options before reforming energy prices.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
