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:: Volume 14, Issue 57 (Summer 2018 2018) ::
QEER 2018, 14(57): 201-234 Back to browse issues page
Investigating the Effect of Oil and Gas Resources Abundance on Energy Efficiency in Rentier States
Zahra Ebadi - 1, Fatemeh Hosseinpour -2, Hamidreza Hallafi -2, Nasser Saeidi Seied2
1- Khorramshahr Marine science and Technology University , zebadi1370@gmail.com
2- Khorramshahr Marine science and Technology University
Abstract:   (224 Views)
Energy is a driver and essential input of most production processes. In Iran and other oil rentier states, the bulk of energy consumption is from non-renewable resources (due to its abundance and cheapness). It seems that the low price of non-renewable energies in these countries lessens the incentive for increasing energy efficiency in these countries. The empirical proof of this hypothesis can clarify another dimension of the resource curse. To study the effect of resource abundance on energy efficiency, we use the sample of rentier and non-rentier countries, based on unbalanced panel data for the period 1998-2012. Our results indicate that there is a positive relationship between the ratio of natural resource rent to GDP and energy intensity, implying that higher resource rents lead to lower energy efficiency.  The results also show that there is a negative relationship between energy price and energy intensity, indicating that higher fuel prices lead to higher energy efficiency.
 
Keywords: abundance resources, oil and gas, rentier state, energy demand, Shephard’s Lemma, energy efficiency
Full-Text [PDF 1352 kb]   (126 Downloads)    
Type of Study: paper | Subject: Energy Economic
Received: 2017/08/19 | Accepted: 2018/09/29
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ebadi Z, hosseinpour F, hallafi H, saeidi N. Investigating the Effect of Oil and Gas Resources Abundance on Energy Efficiency in Rentier States. QEER. 2018; 14 (57) :201-234
URL: http://iiesj.ir/article-1-895-en.html


Volume 14, Issue 57 (Summer 2018 2018) Back to browse issues page
فصلنامه مطالعات اقتصاد انرژی Quarterly Energy Economics Review
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