The relationship of renewable energy consumption to stock market development and economic growth in Iran

被引:88
作者
Razmi, Seyedeh Fatemeh
Bajgiran, Bahareh Ramezanian [1 ]
Behname, Mehdi [1 ]
Salari, Taghi Ebrahimi [1 ]
Razmi, Seyed Mohammad Javad [1 ]
机构
[1] FUM, Fac Econ & Adm Sci, Mashhad, Razavi Khorasan, Iran
关键词
Renewable energy consumption; Stock market; Growth; ARDL; FINANCIAL DEVELOPMENT; NONRENEWABLE ENERGY; TIME-SERIES; CLEAN ENERGY; NEXUS; TRADE; OUTPUT; PANEL;
D O I
10.1016/j.renene.2019.06.166
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
This paper investigates the relationship of two types of renewable energy consumption (total hydropower, wind, solar and nuclear energies, and total combustible renewable and waste) to stock market value and economic growth in Iran. An autoregressive distributive lag (ARDL) model was used for data from 1990 to 2014 and results show that stock market value affects both groups of renewable energies in the long run. Growth rate significantly affects total hydropower, wind, solar, and nuclear energies in both the short and long run, although it is only significant in the short run for combustible renewable and waste energies. Neither type of renewable energy consumption affects growth in either the short or long run. (c) 2019 Elsevier Ltd. All rights reserved.
引用
收藏
页码:2019 / 2024
页数:6
相关论文
共 36 条
[1]   Renewable and non-renewable energy, regime type and economic growth [J].
Adams, Samuel ;
Klobodu, Edem Kwame Mensah ;
Apio, Alfred .
RENEWABLE ENERGY, 2018, 125 :755-767
[2]   Information Theory and an Extension of the Maximum Likelihood Principle [J].
Akaike, Hirotogu .
Trees - Structure and Function, 2015, 29 (06) :655-662
[3]  
[Anonymous], 2017, ENERGY BALANCE SHEET
[4]  
[Anonymous], 2018, World Development Indicators
[5]   The renewable energy consumption-growth nexus in Central America [J].
Apergis, Nicholas ;
Payne, James E. .
APPLIED ENERGY, 2011, 88 (01) :343-347
[6]   Renewable energy consumption and economic growth: Evidence from a panel of OECD countries [J].
Apergis, Nicholas ;
Payne, James E. .
ENERGY POLICY, 2010, 38 (01) :656-660
[7]   Output, renewable energy consumption and trade in Africa [J].
Ben Aissa, Mohamed Safouane ;
Ben Jebli, Mehdi ;
Ben Youssef, Slim .
ENERGY POLICY, 2014, 66 :11-18
[8]   Effects of financial developments and income on energy consumption [J].
Chang, Shu-Chen .
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2015, 35 :28-44
[9]   Renewable energy and growth: Evidence from heterogeneous panel of G7 countries using Granger causality [J].
Chang, Tsangyao ;
Gupta, Rangan ;
Inglesi-Lotz, Roula ;
Simo-Kengne, Beatrice ;
Smithers, Devon ;
Trembling, Amy .
RENEWABLE & SUSTAINABLE ENERGY REVIEWS, 2015, 52 :1405-1412
[10]   Renewable energy consumption and economic growth in newly industrialized countries: Evidence from asymmetric causality test [J].
Destek, Mehmet Akif .
RENEWABLE ENERGY, 2016, 95 :478-484