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Sensitivity Analysis of Technology Changes for EnergyDemand by Iranian Economic Sectors: an Application of Sherman-Morrisson Method and Input-Output Approach
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Ali Faridzad *1   , Fereidoun Asadi2 , Maryam Zoghi3 |
1- Allameh Tabataba'i , afaridzad@yahoo.com
2- Majlis Research Centre
3- Khatam University |
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Abstract: (3372 Views) |
We undertook a sensitivity analysis of the key demand factors leading to changes of energy consumption in the competitive market, using a Leontief demand-driven approach. We applied the Leontief model to previous research results to study the most sensitive factors leading to the change of energy demand in different economic sectors. Based on the 2011 Iranian symmetrical input–output table, the results show that the secondary energy sector, transportation, wholesale and retail, manufacturing of basic metal and fabricated metal products and non-metallic mineral products respectively have the highest direct and indirect average technologically normalized elasticities of energy demand.
Our results indicate that we can reduce energy demand substantially through technological innovations in the above mentioned sectors.
JEL Classification: C67, D57, O39, Q32
Keywords: Energy Demand, Leontief demand-driven approach, Sensitivity Analysis, Input-Output Model |
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| Keywords: Energy Demand, Leontief demand-driven approach, Sensitivity Analysis, Input-Output Model |
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Full-Text [PDF 8432 kb]
(720 Downloads)
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Type of Study: Research |
Subject:
Energy Economic
Received: 2020/03/17 | Accepted: 2020/11/30 | Published: 2020/11/30 | ePublished: 2020/11/30
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