Evaluating the Effects of Energy Standards on Industrial Competitiveness: Evidence from Iran

Bahareh Oryani; Afsaneh Shafiee

Bahareh Oryani 1Technology Management, Economics and Policy Program, College of Engineering, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul, 08826, Republic of Korea https://orcid.org/0000-0002-5356-4171
Afsaneh Shafiee Senior research fellow at Institute for Trade Studies and Research, Tehran, Iran

Keywords: Energy’s Standards, Industrial Competitiveness, Seemingly Unrelated Regression, Iran

Abstract

This research tends to investigate how industrial competitiveness could be affected by energy standards in case of Iran. Annual data on Competitiveness Industrial Index (CIP), Export Value Index (PX), Export Market Share (EMS), Industrial Energy Intensity (IEI), Manufacturing Price Index (MPI), and Total Factor Productivity (TFP) was used spanning the period 1990-2014. The results of the Seemingly Unrelated Regression (SUR) model confirmed the positive impact of PX, EMS, and TFP versus the negative impact of MPI, and the twofold impact of energy standards (IEI) on CPI.