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Causality nexus between oil production, industries energy consumption and unemployment in Iran
| Content Provider | SAGE Publishing |
|---|---|
| Author | Shah, Muhammad Imran Ullah, Irfan Rehman, Alam Fakhr E Alam Afridi Zeeshan, Muhammad |
| Copyright Year | 2021 |
| Abstract | The study explores the causality between oil production, industrial production, energy consumption, and unemployment in Iran. We use time-series data, spanning the period 1990–2017 and apply VECM method for the data analysis and our findings suggest that crude oil production significantly causes unemployment through industrial production and energy consumption channel both in the short and long run, while energy consumption and industrial production affect unemployment in the short run only. Furthermore, energy consumption also determines industrial production showing energy as a supplement to the industries. The oil production in Iran substantially contributes to the country’s exports and main energy main input to the local industries. Industrial production increases energy consumption and reduces unemployment in the country. Therefore, the government should formulate appropriate policies, which take into account the fact, that changes in oil production have both short-run as well as long-term effects on employment in the country. |
| Related Links | https://journals.sagepub.com/doi/pdf/10.1177/01445987211009391?download=true |
| Starting Page | 1215 |
| Ending Page | 1234 |
| Page Count | 20 |
| ISSN | 01445987 |
| Issue Number | 4 |
| Volume Number | 39 |
| Journal | Energy Exploration & Exploitation (EEA) |
| e-ISSN | 20484054 |
| DOI | 10.1177/01445987211009391 |
| Language | English |
| Publisher | Sage Publications UK |
| Publisher Date | 2021-05-02 |
| Publisher Place | London |
| Access Restriction | Open |
| Rights Holder | © The Author(s) 2021 |
| Subject Keyword | unemployment energy consumption VECM Iran Oil production industrial production |
| Content Type | Text |
| Resource Type | Article |
| Subject | Fuel Technology Renewable Energy, Sustainability and the Environment Energy Engineering and Power Technology Nuclear Energy and Engineering |
