期刊名称:International Journal of Energy Economics and Policy
电子版ISSN:2146-4553
出版年度:2017
卷号:7
期号:6
页码:103-111
语种:English
出版社:EconJournals
摘要:This research analyzes governmental investment effects in energy sector including subsectors of oil, gas and electricity on growth, private investment and employment in agriculture, industry and mining, and services during 1971-2013. We use vector autoregressive models in order to derive the response of variables, impulse response function and variance decomposition. The results indicate that governmental investment influence growth in agriculture, industries and mining, and services negatively but in median-term, it influences agriculture, and industries and mining positively. Effect of government investment is positive for private investment. In industries and mining sector, the relationship is positive in long term and negative in middle term.