Survey Reaction of Labor Demand and Capital in Selected ISIC Industries Respect to Energy Price Index Deviation

Ghanbari Meman, Hasanali; VARAHRAMI, VIDA; HAGHIGHAT, SAEED

doi:10.22075/jem.2018.12707.1076

Survey Reaction of Labor Demand and Capital in Selected ISIC Industries Respect to Energy Price Index Deviation

Document Type : Original Article

Authors

Hasanali Ghanbari Meman ¹

VIDA VARAHRAMI ¹

SAEED HAGHIGHAT ²

¹ Assistant Professor in Economics, Factuality of Economics and Political Science, Shahid Beheshti University

² Master in Economics, Factuality of Economics and Political Science, Shahid Beheshti University

10.22075/jem.2018.12707.1076

Abstract

In this paper to survey effects of energy prices index on labor and capital demand of ISIC industries such as food industry, coke and oil industry, chemical productions, main metals, on metal and motor vehicles industries are selected because they have more value added, more employment and energy consumption. Therefore, we use from Mork price decomposition and dynamic panel method for Tehran, Isfahan, Khoozestan, Hormozgan and Markazy providences toward of 1995-2014. Results reveal that capital intensive industries are elastic respect to energy price and asymmetric effects respect to energy index price deviation is more than labor intensive industries.

Keywords

ISIC Industries

Labor

Capital

Mork Price Decomposition

Dynamic Panel