THE EFFECTS OF ENERGETIC TRANSITION ON ECONOMIC GROWTH IN IRAN

Authors : Nathalie HILMI, Alain SAFA, Shekoofeh FARAHMAND, Majid SAMETI, Salahaldin SASSAN

Pages : 77-93

Doi:10.24954/mjecon.2017.4

View : 12 | Download : 8

Publication Date : 2017-03-15

Article Type : Research Paper

Abstract :In this paper, we study the effects of renewable energy consumption on economic growth in Iran in the period 1983 to 2013, through Autoregressive Distributed Lag insert ignore into journalissuearticles values(ARDL); method. Results show that an increase in renewable energy consumption increases economic growth. In other words, there is a positive and statistically significant relationship between renewable energy consumption and economic growth. The results show that in the long-run 1% increase in consumption of renewable energy leads to 4.06% increase in economic growth; they also show that in a short-run, 1% increase in it also can lead to 7.5% increase in economic growth. 
Keywords : Renewable Energy Consumption, Economic Growth, Autoregressive Distributed Lag Method