''Does industrialisation and urbanisation affect energy consumption: A relative study of India and Iran?''
( 2019, Vol. 39 No.1 )
This study investigates the dynamic impact of industrialisation and urbanisation on energy consumption including economic growth in a multivariate framework. For this purpose, autoregressive distributed lag model (ARDL) is employed. ARDL bounds testing approach shows that there exists long-run relationship among the variables. Using data for the Indian and Iranian economy from 1971 to 2013, the study found a differential impact of urbanisation and industrialisation on energy consumption in both countries, also they are the key driver for increasing energy demand. Long-run coefficients of urbanisation and industrialisation being statistically significant suggest that these variables have implications in framing the energy policy.
