THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND PRODUCTION GROWTH IN MANUFACTURING AGENCIES PRODUCING TRANSPORTATION VEHICLES

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MOLAEI MOHAMMAD ALI; DEHGHANI ALI; HOSSEIN ZADEH SAMANEH

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Journal: JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH Year:2015 | Volume:5 | Issue:19 Page(s): 25-40

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Title

THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND PRODUCTION GROWTH IN MANUFACTURING AGENCIES PRODUCING TRANSPORTATION VEHICLES

Author(s)

MOLAEI MOHAMMAD ALI | DEHGHANI ALI | HOSSEIN ZADEH SAMANEH | Issue Writer Certificate

Keywords

GRANJERQ2

HSIAO-GRANGERQ2

TODA-YAMAMOTO CAUSALITYQ2

DYNAMIC PANEL DATAQ1

ENERGYQ2

PRODUCTION GROWTHQ2

Abstract

This study aims at exploring the relationship between ENERGY consumption/efficiency and PRODUCTION GROWTH in manufacturing agencies producing transportation vehicles in 1995-2009 using GRANJER, Hsiao’s Granger, TODA-YAMAMOTO CAUSALITY and DPD approach. The results of the model show that in these companies there is a one-tailed causal correlation between production value and ENERGY consumption/efficiency and the given correlation is verified in both of the causal approaches. Similarly, the estimation of the model using DPD approach shows that there is a significant positive correlation between ENERGY consumption and the value of the product in big factories producing transportation vehicles. The results also show that compared with an increase in the employment rate or ENERGY consumption/efficiency, an increase in investment in these factories has a more significant effect on the value of the products in these agencies. This indicates that changes in production technology from labor or ENERGY intensive to investment can lead to an increase in the value of products in agencies producing transportation vehicles in Iran.

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APA: Copy

MOLAEI, MOHAMMAD ALI, DEHGHANI, ALI, & HOSSEIN ZADEH, SAMANEH. (2015). THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND PRODUCTION GROWTH IN MANUFACTURING AGENCIES PRODUCING TRANSPORTATION VEHICLES. JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, 5(19), 25-40. SID. https://sid.ir/paper/192141/en

Vancouver: Copy

MOLAEI MOHAMMAD ALI, DEHGHANI ALI, HOSSEIN ZADEH SAMANEH. THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND PRODUCTION GROWTH IN MANUFACTURING AGENCIES PRODUCING TRANSPORTATION VEHICLES. JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH[Internet]. 2015;5(19):25-40. Available from: https://sid.ir/paper/192141/en

IEEE: Copy

MOHAMMAD ALI MOLAEI, ALI DEHGHANI, and SAMANEH HOSSEIN ZADEH, “THE RELATIONSHIP BETWEEN ENERGY CONSUMPTION AND PRODUCTION GROWTH IN MANUFACTURING AGENCIES PRODUCING TRANSPORTATION VEHICLES,” JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, vol. 5, no. 19, pp. 25–40, 2015, [Online]. Available: https://sid.ir/paper/192141/en

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