Document Type : Research Paper

Authors

• Mohmmad zaheriabdevand ¹
• Ahmad Sarlak ¹
• Maryam sharifnezhad ²

¹ Department of Economics, AR.C., Islamic Azad University, Arak Iran

² Department of Economics, AR.C., Islamic Azad University, Arak,Iran

Abstract

Energy is one of the most important economic factors in growth and development, which increases its consumption and is harmful to the environment. Therefore, according to the need to use energy, energy is a necessity from energy sources. The use of energy sources from several components that can use it, the importance of which is social capital. In this regard, the current research was conducted with the aim of investigating the impact of social capital on the consumption of renewable energy in OPEC member countries in the period of 2015-2024 and using the method of dynamic joint correlated effects. The results show that social capital has a positive effect on renewable energy consumption in OPEC member countries. In this regard, in order to accelerate the transition towards renewable energy consumption, attention and strengthening of social capital in OPEC member countries should be considered.

Keywords

• Social capital
• renewable energy
• OPEC countries
• dynamic common correlated effects

Main Subjects

• مطالعات اقتصادی مرتبط با حامل‌های انرژی (فسیلی، تجدیدپذیر و برق)