Iranian Energy Economics

Investigating the Effect of Technology Changes and Environmental Constraints on Oil Demand in Non-OECD Oil Importing Countries from Iran: Symmetric and Asymmetric Models

Document Type : Research Paper

Authors

Reza Darisavi Bahmanshir 1
Ali Akbar Naji Meidani 2
Ali Akbar Naji Meidani 3
Narges Salehnia 4

1 PhD Candidate of Economics, International Campus, Ferdowsi University of Mashhad

2 Associate Professor, Economics Department, Faculty of Economics and Administrative Sciences, Ferdowsi University of Mashhad

3 Member of faculty, Ferdowsi university of mashhad

4 Assistant Professor, Economics Department, Faculty of Economics and Administrative Sciences, Ferdowsi University of Mashhad

https://doi.org/10.22054/jiee.2018.9137
Abstract
The purpose of this study was to investigate the effect of technology changes and environmental constraints on the estimated oil demand function of non-OECD countries that import oil from Iran based on symmetric and asymmetric specification. For this purpose, data from the 1970 to 2014 period were used by non-OECD non-OECD oil importers from Iran, including Russia, South Africa, China, and India. Given the first-order difference between the variables studied, the modified least squares method (FMOLS) was used to estimate. The results of this study showed that imposing environmental limitations on carbon dioxide reductions in oil-importing countries from Iran could reduce oil demand from oil-importing countries from Iran. Also, the results showed that improving technology in the selected countries of the oil importer from Iran will increase the demand for these oil products.


 
 

Keywords

Technology Changes
Environmental Constraints
Oil Demand Function
Non-OECD Countries
Modulated Least Squares

  • Receive Date 18 March 2018
  • Accept Date 11 September 2018
  • First Publish Date 11 September 2018
  • Publish Date 22 June 2018

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