@article { author = {Mahmoodzadeh, Mahmood and Sadeghi, Somaye}, title = {Innovation investments and energy efficiency: A cluster analysis of Iranian industries}, journal = {Iranian Industrial Economics Studies}, volume = {1}, number = {1}, pages = {33-40}, year = {2017}, publisher = {Urmia University, Faculty of Economics and Management}, issn = {2588-6312}, eissn = {}, doi = {10.30466/iies.2018.120554}, abstract = {The present paper investigates the effects of innovation investments such as research and development (R&D) expenditures (divided into domestic and foreign) and information and communications technologies (ICT ) investments on energy intensity in three clusters of Iranian industries including small, medium, and large industries during 2000-2012. The findings obtained from panel GMM method indicated that in all clusters, domestic R&D expenditures did not have a significant impact on energy intensity, while foreign R&D expenditures led to a considerable decrease in energy intensity. Moreover, ICT investments resulted in a rise in energy intensity. As it was expected, spillovers from these innovations, especially R&D spillover led to a decline in energy intensity.}, keywords = {Domestic R&D,Energy Intensity,Foreign R&D,ICT Investments,Spillovers}, url = {https://iies.urmia.ac.ir/article_120554.html}, eprint = {https://iies.urmia.ac.ir/article_120554_d7528ad5a37f4eeb22112ed5702f2e79.pdf} }