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Information Journal Paper

Title

The Effect of Types of Renewable Resources on the Economic Growth of Iran

Pages

  137-148

Abstract

 The main objective of this study is to investigate the effect of types of the Renewable Energy on Iran’ s Economic Growth during the period of 1981-2017. For this analysis, Vector Autoregressive Model, Johansson-Juselius method and Vector Error Correction Model are used. In accordance with the obtained results, the effect of the variables’ coefficients is coincident based on the theoretical foundations and statistically significant. The results indicate that in the long run, the variables of Renewable Energy investment by the private sector, the power generation from the Renewable Energy, and the consumption of renewable energies, which are considered as indicators for renewable energies, have a positive and significant effect on the Economic Growth. The coefficient of the error correction method indicates that about 0. 62 of the short-term imbalance is adjusted in each period to achieve the long-term equilibrium. Further, in the long run, a one percentage increase in the labor force, Renewable Energy investment by the private sector, electricity generation from Renewable Energy, and the production of types of renewable energies (wind, solar, hydro and geothermal) leads to 0. 87, 1. 17, 6. 44, 4. 29, 1. 78, 2. 09 and 1. 56 percentage increase in the Economic Growth, respectively and it became clear that it was found that among Renewable Energy sources, the effect of wind energy on growth is higher than other energies and we have to prioritize investment in wind energy. Therefore, according to the results of the research, the political recommendation is that, considering the process of the types of Renewable Energy sources in Iran, since wind energy has the greatest effect on Economic Growth compared to other energy sources, by investing in this unit, the share of Renewable Energy use in Iran could be increased.

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    APA: Copy

    Ghaed, Ebrahim, DEHGHANI, ALI, & Fattahi, Mohammad. (2019). The Effect of Types of Renewable Resources on the Economic Growth of Iran. JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, 9(35 ), 137-148. SID. https://sid.ir/paper/192283/en

    Vancouver: Copy

    Ghaed Ebrahim, DEHGHANI ALI, Fattahi Mohammad. The Effect of Types of Renewable Resources on the Economic Growth of Iran. JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH[Internet]. 2019;9(35 ):137-148. Available from: https://sid.ir/paper/192283/en

    IEEE: Copy

    Ebrahim Ghaed, ALI DEHGHANI, and Mohammad Fattahi, “The Effect of Types of Renewable Resources on the Economic Growth of Iran,” JOURNAL OF ECONOMIC GROWTH AND DEVELOPMENT RESEARCH, vol. 9, no. 35 , pp. 137–148, 2019, [Online]. Available: https://sid.ir/paper/192283/en

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