Iranian Energy Economics

The relationship between renewable energy use and economic growth in OPEC countries

Document Type : Research Paper

Authors

hamidreza arbab 1
Ali Emami Meibodi 2
Saba Rajabi Ghadi 3

1 Assistant proffesor ,Department of agricultural and environment economics,faculty of ecomomics,allameh tabataba'i university

2 Associte Professor, Faculty of Economics, Allameh Tabataba’i University

3 Master of Economics, Allameh Tabataba'i University

https://doi.org/10.22054/jiee.2017.8025
Abstract
The amount of energy consumption per growth affects on economic growth in all countries, so the access of world countries to variety of energy is essential for economic growth. Numerous studies in a world have shown that the pace of growth of energy consumption will largely depend on the level of economic growth. The present study aims to investigate on the researches that has been done on impact of the renewable energy consumption on the economic growth, all over the world. And after that the relation between renewable energy consumption and growth in a selected countries of OPEC members during 1985-2014. With unit root test determine stability of data and proved that all data are stable. The linear Granger causality test indicate unidirectional causality from energy consumption to growth. F limer and hausman test also stimate for determining the Regression model.

Keywords

Renewable energy
economy growth
Oil Exporting Countries
OPEC

  • Receive Date 30 September 2015
  • Accept Date 06 March 2016
  • First Publish Date 22 June 2017
  • Publish Date 22 June 2017

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