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Innovation Investments and Energy Efficiency in Iranian Industries

Author

Listed:
  • Mahmood Mahmoodzadeh

    (Department of Economics, Firoozkooh Branch, Islamic Azad University)

  • Somaye Sadeghi

    (Department of Economics, Firoozkooh Branch, Islamic Azad University)

  • Soraya Sadeghi

    (MA in Economics)

  • Saleh Ghavidel

    (Department of Economics, Firoozkooh Branch, Islamic Azad University,Firoozkooh)

Abstract

This paper investigates the effects of innovation investments in Iranian industries including R&D expenditures (disaggregated as domestic and foreign) and ICT investments on energy intensity in three clusters of Iranian industries including small, medium and large size industries. We used the GMM panel method to estimate during 2000-2009 periods. The results show that in all clusters, domestic R&D expenditures have not significant effect on energy intensity, while foreign R&D expenditures induces to decrease considerably energy intensity. Also, ICT investments cause to increase energy intensity. Moreover, as expected, the spillovers from these innovations, especially R&D spillover cause to decrease energy intensity. Overall, in Iranian firms, innovation investments, in particular foreign R&D expenditures play a substantial role to improve energy efficiency.

Suggested Citation

  • Mahmood Mahmoodzadeh & Somaye Sadeghi & Soraya Sadeghi & Saleh Ghavidel, 2015. "Innovation Investments and Energy Efficiency in Iranian Industries," Proceedings of International Academic Conferences 2804578, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:2804578
    as

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    File URL: https://iises.net/proceedings/19th-international-academic-conference-florence/table-of-content/detail?cid=28&iid=083&rid=4578
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    References listed on IDEAS

    as
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    3. Cho, Youngsang & Lee, Jongsu & Kim, Tai-Yoo, 2007. "The impact of ICT investment and energy price on industrial electricity demand: Dynamic growth model approach," Energy Policy, Elsevier, vol. 35(9), pages 4730-4738, September.
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    5. Hall, Bronwyn H. & Mairesse, Jacques & Mohnen, Pierre, 2010. "Measuring the Returns to R&D," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 1033-1082, Elsevier.
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    Full references (including those not matched with items on IDEAS)

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    Keywords

    Energy Intensity; ICT Investments; Domestic R&D; Foreign R&D; Spillovers;
    All these keywords.

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