Effect of Renewable Energy Consumption and Commercial Opening on Iran's Economic Growth | ||
| Renewable Energy Research and Applications | ||
| دوره 4، شماره 2، مهر 2023، صفحه 235-242 اصل مقاله (372.99 K) | ||
| نوع مقاله: Original Article | ||
| شناسه دیجیتال (DOI): 10.22044/rera.2022.12224.1167 | ||
| نویسندگان | ||
| Ali Fakour* 1؛ Soheila Bi-Ria2؛ Azar Rahimifar1 | ||
| 1Department of economy, PhD student in economics, international economics, Isfahan University, Isfahan, Iran. | ||
| 2Member of the faculty of the Office of Higher Education Extension, Ministry of Science, Research and Technology, Iran. | ||
| چکیده | ||
| countries need to use energy resources to achieve economic growth, but due to the limitation of fossil energy resources such as oil and coal, the increase in the price of these resources in recent years, as well as the resulting environmental pollution, the countries concerned The use of clean and renewable energy sources has increased. Considering the importance of using renewable energy for the sustainable economic growth of the country in the coming years and the novelty of this topic in domestic studies, therefore, in this research, the impact of renewable energy consumption on the growth of Iran's GDP has been investigated.The innovation of this research compared to previous studies is the use of influential variables such as fixed capital formation, employment rate, trade openness and sanctions in addition to the variable of renewable energy consumption on the country's economic growth. In fact, in this study, the investigated model has been expanded with effective variables according to Iran's economy, which has not been addressed in previous studies. We considered time series for variables including renewable energy consumption, GDP per capita, capital formation, employment rate, trade openness, and sanctions for the time period 2010–2020. In this research, the vector autoregression model with distributed intervals (ARDL) has been used to estimate the relationship between variables. The results show that there is a positive and significant relationship between renewable energy consumption, fixed capital formation, employment rate, trade openness and GDP growth, and sanctions have had a negative and significant impact on GDP growth. | ||
| کلیدواژهها | ||
| renewable energy consumption؛ economic growth؛ ARDL | ||
| مراجع | ||
|
[1] Adams, S., Klobodu, E. K. M., and Apio, A. (2018), "Renewable and non-renewable energy, regime type and economic growth", Renewable Energy, No. 125, pp. 755-767.
[2] Ansaripour. S., Noorollahi. Y., Yousefi. Y., and Golshanfard. A. (2020). An investigation on effective factors of energy demand utilized in sustainable development planning, Scientific Quarterly Journal of Renewable and New Energies, 8(1), pp. 63-69 (in Persian).
[3] Alayi, R. and Jahanbin, F. (2020). Generation management analysis of a stand-alone photovoltaic system with battery. Renewable Energy Research and Application, 1(2), 205-209.
[4] Apergis, N. and Payne, J. E. (2011), “Renewable and Non-Renewable Energy Consumption-Growth Nexus: Evidence from a Panel Error Correction Model”, Energy Economics, Vol. 88, pp. 5226-5230.
[5] Arbab, H. R., Emami-Meibodi. A., and Rajabi-Ghaderi. S. (2015). The relationship between renewable energy consumption and economic growth in selected OPEC countries, Iranian energy economy research journal, 6(23), pp. 29-56 (In Persian).
[6] Barro, R.J. and Lee, J.W. (2013), A new dataset of educational attainment in the world, 1950-2010. Journal of Development Economics, 104, 184-198.
[7] Becker, S., Boeckh, K., Hainz, C., and Woessmann, L. (2016), The empire is dead, long live the empire! long-run persistence of trust and corruption in the bureaucracy. The Economic Journal, 126(590), 40-74.
[8] Cabrales, A. and Hauk, E. (2011), The quality of political institutions and the curse of natural resources. The Economic Journal, 121(551), 58-88.
[9] Cavalcanti, T., Mohaddes, K., and Raissi, M. (2011), Growth, development and natural resources: New evidence using a heterogeneous panel analysis. The Quarterly Review of Economics and Finance, 51(4), 305-318.
[10] Chuanguo Zhang, C. and J. Xu (2012), “Retesting the Causality Between Energy Consumption and GDP in China: Evidence from Sectorial and Regional Analyses Using Dynamic Panel Data”, Energy Economics, No. 34, pp. 1782-1789.
[11] Daneshvari, Samia; Salatin, Parvaneh and Mohammad Khalilzadeh (2018), "Effect of renewable energies on green economy", Environmental Science and Technology, Volume 21, Number 12, March 2018.
[12] Dogan, E., Altinoz, B., Madaleno, M., Taskin, D. (2020), The impact of renewable energy consumption to economic growth: A replication and extension of. Energy Economics, 90, 104866.
[13] Douglas, S., Walker, A. (2017), Coal mining and the resource curse in the eastern United States. Journal of Regional Science, 57(4), 568-590.
[14] Eregha, P.B. and Mesagan, E. (2016), Oil resource abundance, institutions, and growth: Evidence from oil producing African countries. Journal of Policy Modelling, 38(3), 603-619.
[15] Faria, H., Montesinos-Yufa, H.M., Morales, D.R., and Navarro, C.E. (2016), Unbundling the roles of human capital and institutions in economic development. European Journal of Political Economy, 45, 108-128.
[16] Haapanen, L. and Tapio, P. (2016), Economic growth as phenomenon, institution and ideology: A qualitative content analysis of the 21st century growth critique. Journal of Cleaner Production, 112, 3492-3503.
[17] Inglesi-Lotz, R. (2016), “The Impact of Renewable Energy Consumption to Economic Growth: A Panel Data Application”, Energy Economics, Vol. 53, pp. 58–63.
[18] International Country Risk Guide (2019). International country risk guide. Available at: https://epub.prsgroup.com/products/icrg
[19] Ismail Nia, A. and Hamza Khani. A. (2010), Economic Review of the Use of Coal for Power Generation in Iran, Scientific Extension Journal of Development Strategy, 24: pp. 200-168 (in Persian).
[20] Jaradat, M.S. and AL-Tamimi, K.A.M. (2022). Economic Impacts of Renewable Energy on the Economy of UAE, International Journal of Energy Economics and Policy,12(1), pp.156-162.
[21] Ji, K., Magnus, J., and Wang, W. (2014), Natural resources, institutional quality, and economic growth in China. Environmental and Resource Economics, 57(3), 323-343.
[22] Kakanov, E., Blöchliger, H., and Demmou, L. (2018), Resource Curse in Oil Exporting Countries, OECD Working Paper No. 1511.
[23] Karimpour, S., Shakeri Bostanabad. R., and Ghasemi, A. (2020). The Effect of Renewable Energy Consumption on the Economic Growth of Selected Countries in the MENA Region: Application of the Panel Vector Autoregressive Model (Panel VAR), Iranian energy economy research journal, 8(32), pp.105-136 (in Persian).
[24] Kim, D. and Lin, S.C. (2017), Human capital and natural resource dependence. Structural Change and Economic Dynamics, 40, 92-102.
[25] Moradbeigi, M. and Law, S.H. (2017), The role of financial development in the oil-growth nexus. Resources Policy, 53, 164-172.
[26] Noorani, A., Rahimi, M., and Mirbagherijam, M. (2021). Survey the Effect of Types of Renewable and Non-renewable Energies Consumption on Economic Welfare in Iran, Scientific Quarterly Journal of Renewable and New Energies, Scientific Quarterly Journal of Renewable and New Energies, 9(1), pp.61-68 (in Persian).
[27] Okada, K. and Samreth, S. (2017), Corruption and natural resource rents: Evidence from quantile regression. Applied Economics Letters, 24(20), 1490-1493.
[28] Organization of Petroleum Exporting Countries (OPEC). (2019), Kuwait. Available from: https://www.opec.org/opec_web/en/about_us/165. httm. [Last accessed on 2019 Jun 14].
[29] Orihuela, J.C. (2018), Institutions and place: Bringing context back into the study of the resource curse. Journal of Institutional Economics, 14(1), 157-180.
[30] Sadeghi, K., Sojoodi, S., and Ahmadzadeh-Deljavan, F. (2015). The impact of renewable energy on Iran's economic growth and environmental quality, Quarterly Journal of Energy Planning and Policy Studies, 3(6), pp.171-202 (in Persian).
[31] Shateri Aliabad, Y. Ebazadeh, R., Iswanto Suwarno, A. Najafi, and S.Ollah M. (2022). Economic analysis and energy utilization of renewable energy to supply electric charge with approach of storage resources, Renewable Energy Research and Applications, 3(2), pp.183-190 (in Persian).
[32] Zafar, M. W., Shahbaz, M., Hou, F., and Sinha, A. (2019), "From nonrenewable to renewable energy and its impact on economic growth: the role of research & development expenditures in Asia-Pacific Economic Cooperation countries", Journal of cleaner production, No. 212, pp. 1166-1178. | ||
|
آمار تعداد مشاهده مقاله: 1,260 تعداد دریافت فایل اصل مقاله: 597 |
||