[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Archive :: Search :: Submit :: Contact ::
Main Menu
Home::
Journal Information::
Articles archive::
For Authors::
For Reviewers::
Registration::
Contact us::
Site Facilities::
اصول اخلاق نشریه::
اصول اخلاق نشریه::
::
Search in website

Advanced Search
..
Receive site information
Enter your Email in the following box to receive the site news and information.
..
:: Volume 18, Issue 72 (Spring 1401 2022) ::
QEER 2022, 18(72): 27-58 Back to browse issues page
The impact of uncertainty in economic policies on energy intensity in Iran
Feyzollah Moradi * 1, Lotfali Agheli2 , Abbas Asari Arani2
1- Tarbiat Modares University , feyzollah.moradi@modares.ac.ir
2- Tarbiat Modares University
Abstract:   (2090 Views)
The Impact of Uncertainty in Economic Policies on Energy Intensity in Iran
Feyzollah Morad
MA student of Economics, Department of Economic Development and Planning, Tarbiat Modares University, moradi.sbu@gmail.com
Lotfali Agheli
Associate Professor of Economics, Institute of Economics, Tarbiat Modares University, aghelik@modares.ac.ir
Abbas Asari Arani
Associate Professor of Economics, Department of Economic Development and Planning, Tarbiat Modares University, Assari_a@modares.ac.ir

Received: 2021/08/12   Accepted: 2021/11/11

Abstract 2

Energy intensity in the Iranian economy has always been on the rise. In this study, the only factor affecting energy intensity is the uncertainty in economic policies. It is important to determine a comprehensive measure of economic uncertainty that reflects the overall level of uncertainty in the economy. To build the index of uncertainty in economic policies, uncertainty in foreign exchange, monetary and fiscal policies has been used using the EGARGH approach. Then, the effect of uncertainty in economic policies on energy intensity has been estimated with the self-explanatory model with distributive intervals (ARDL) model during 1973-2018. The findings show that one percent increases in the index of economic uncertainty in current period, second year, and third year have positive and significant effects on energy intensity. The magnitudes of such effects are equal to 0.12, 0.11 and 0.06 percent, respectively. These results show that uncertainty in economic policies increases energy intensity. If uncertainty in economic policies goes up, firms cannot plan to manage energy consumption properly because their production plans will be risky in the medium- and long-term. The results showed that uncertainty in economic policies has a direct positive and significant positive effect on energy intensity in the short and long term. On the other hand, the indirect effects of economic policy uncertainty through the rate of inflation, budget deficit and economic growth on the intensity of energy consumption are negative, and these negative effects are intensified despite the uncertainty in economic policies.Therefore, reducing the intensity of energy consumption is possible by controlling inflation, budget deficit and strengthening economic growth. Because the impact of these variables on energy intensity is greater than the effects of macroeconomic uncertainty on energy intensity.
JEL Classification: D80,Q4,E50,E62,O53
Keywords: Uncertainty, Energy intensity, financial policy, monetary policy, Iran.
 
[1]. Corresponding Author
Keywords: Uncertainty, Energy intensity, financial policy, monetary policy, Iran.
Full-Text [PDF 1066 kb]   (1494 Downloads)    
Type of Study: Thesis(M.A.) | Subject: Energy Economic
Received: 2021/08/12 | Accepted: 2022/05/31 | Published: 2022/05/31 | ePublished: 2022/05/31
Send email to the article author

Add your comments about this article
Your username or Email:

CAPTCHA


XML   Persian Abstract   Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

moradi F, Agheli L, Asari Arani A. The impact of uncertainty in economic policies on energy intensity in Iran. QEER 2022; 18 (72) :27-58
URL: http://iiesj.ir/article-1-1425-en.html


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 18, Issue 72 (Spring 1401 2022) Back to browse issues page
فصلنامه مطالعات اقتصاد انرژی Quarterly Energy Economics Review
Persian site map - English site map - Created in 0.08 seconds with 37 queries by YEKTAWEB 4645