Energy price changes, works on the growth of economic added value (case study:industry sector)

Determination of factors affecting value added in different sectors economic is of great importance in analysis of macro-economic issues and policy making. Energy price volatilities and its impact on Iran s economy, as oil exporter have received substantial attentions in part of economists and economic practitioners. The industrial sector has a special place in the country s economic growth and therefore this sector should receive special attention to for annual budgeting. Contribution of industry in GDP growth is more important than other sectors and it merits much more promotion. In the present paper, given the nature of time series data for the period 1991- 2017, we examined the impact of energy price fluctuations on the value added in the manufacturing sector. The major model estimation was performed as per generalized momentum model (GMM).The result suggested negative impact of energy price fluctuations on the value added in industrial sector of Iran.

Energy price changes, works on the growth of economic added value (case study:industry sector) Keywords:

Energy prices , value added , the industrial sector , price , GMM