Application of Panel Data Seemingly Unrelated Regression in Consumption of Hydrocarbon Energy Carriers

This study collected consumption data of hydrocarbon energy carriers in iran from 1982 to 2017. a seemingly unrelated regression (sur) model in a balanced panel data approach was proposed. it can be beneficial to control energy demand. the results revealed that in the residential-commercial sector, the consumption of hydrocarbon energy carriers with lag has a positive effect. the weighted average price of petroleum energy carriers negatively impacts the consumption of hydrocarbon energy carriers. in the industry sector, the consumption of hydrocarbon energy carriers with lag has a positive effect on the usage of hydrocarbon energy carriers, and the weighted average price of petroleum energy carriers negatively impacts the consumption of hydrocarbon energy carriers. in the agriculture sector, the variables of energy intensity, the added value of the agriculture sector, population, and consumption of hydrocarbon energy carriers with lag positively impact the usage of hydrocarbon energy carriers in this sector. in the transportation sector, gross domestic product, the extremity of energy usage in the transportation part, and the consumption of hydrocarbon energy carriers with lag have a positive impact on the use of hydrocarbon energy carriers in this sector and a negative effect on the consumption of hydrocarbon.