Journal
ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
Volume 12, Issue 12, Pages 1038-1045Publisher
TAYLOR & FRANCIS INC
DOI: 10.1080/15567249.2017.1316795
Keywords
ARDL; Economic growth; financial development; Iran; non renewable energy; renewable energy
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Funding
- College of Economics & Accounting, Islamic Azad University, South Tehran Branch
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This study examines the relationship between economic growth, renewable energy consumption, energy consumption, financial development, and trade openness over the period 1979-2014 in case of Iran, using Autoregressive Lag (Distributed ARDL) approach and Granger causality test. The renewable energy consumption has a negative impact on economic growth in the short run and the long run. We find the unidirectional causality from renewable energy consumption to economic growths apply to determine the causality between variables. This finding implies that economic growth is favorable for the development of the renewable energy sector, which in turn helps boost economic growth in Iran.
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