+44-7897-074717Ali Emami Meibodi, Hesam Mardan Tabar, Robab Aalami
In recent years, economic development has been associated with the usage of different kind of energy by applying energy diversification. The energy crisises in the seventies were accompanied with the recession in the major economies countries. It has been led the energy topics to be in a special place in the economic literature. Industrialized countries in compare to DCs allocate the mass of energy consumption to themselves. Even though, they have generally high energy efficiency and low energy intensity. This paper attempts to investigate the effect of energy price on the different forms of energy consumptions in Iran and OECD countries (2000-2009) by using modern econometric techniques, including panel co-integration and panel unit roots. Then, it has been analysed symmetry and asymmetry relationship between them. The results show, negative effect of energy price on energy consumption in all periods in OECD countries and Iran. The effect of GDP on energy consumption is positive in long- run. In addition, there is an co integration relationship between energy consumption, energy price and GDP in long-run. It is also different between the OECD countries and Iran, because of different structures of countries. According to these results, we offer some policy implications.
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