Title of article :
Economic Growth and Renewable Energy in Iran
Author/Authors :
Taghvaee, Vahid Mohamad Department of Economic Development and Planning - Faculty of Management and Economics - Tarbiat Modares University, Tehran , Khodaparast Shirazi, Jalil Department of Economics - Shiraz Branch, Islamic Azad University , Boutabba, Mohamed Amine Université Paris-Saclay, France , Seifi Aloo, Alireza Department of Economics - Mazandaran University, Babolsar
Abstract :
Energy plays an active role in sustainable development in Iran, both in
the sustainable and the development aspects. This study aims to
estimate the nexus of economic growth and the renewable energy in
Iran during 1981-2012. We employ the Auto-Regressive Distributed
Lag (ARDL) model to estimate a log-linear equation. The results
suggest that renewable energy consumption is an insignificant driver to
economic growth in Iran, accepting the neutrality hypothesis, despite
the significantly corresponding effects of capital and labor force.
Although Iran concentrates mainly on the non-renewable energies such
as oil and gas, it has a high spare-capacity in the renewable energy field.
It can be rooted in the focus of governors on the fossil fuel energies
rather than the renewable ones. It leads to the negligible nexus of
renewable energy and economic growth. In Iran, renewable energy has
a passive role in economic growth both quantitatively and qualitatively.
The governors should promote this kind of energy to assign a large part
of total energy consumption to it
Keywords :
Renewable Energy , Economic Growth , Iran , ARDL
Journal title :
Astroparticle Physics
