Investigating the relationship between transportation infrastructure, renewable energy sources and economic growth

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Sencholi Samira; Shahraki Javad

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Journal Paper

Paper Information

Journal: ENERGY ECONOMICS REVIEW Year:2024 | Volume:20 | Issue:83 Page(s): 183-212

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Information Journal Paper

Title

Investigating the relationship between transportation infrastructure, renewable energy sources and economic growth

Author(s)

Sencholi Samira | Shahraki Javad | Issue Writer Certificate

Keywords

transportation infrastructure

renewable energy

economic growth

consumption of petroleum products

Abstract

This article investigates the relationship between transportation infrastructure, renewable energy sources and economic growth in Iran during the period of 1991-2021 using self-explanatory vector methods with distributive breaks and short-term and long-term Grangerian causality using the error correction model. . The results of this study show that renewable energy moderates the consumption of petroleum products in the long term for Iran by 0.48%. In addition, transportation, foreign direct investment and added value of industry increase the consumption of petroleum products in Iran by 0.66, 0.14 and 0.33%, respectively. Also, a strong short-term and long-term causality relationship is confirmed from the side of renewable energies to the transportation industry infrastructure, and a strong short-term and long-term causality relationship is also confirmed from the side of the transportation infrastructure to economic growth. The strong short-term and long-term causality relationship from renewable energy to economic growth is also confirmed.

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