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

• Main Authors: Saba Rajabi Ghadi, Ali Emami Meibodi, hamidreza arbab
• Format: Article
• Language: fas
• Published: Allameh Tabataba'i University Press 2017-07-01
• Series: Pizhūhishnāmah-i Iqtiṣād-i Inirzhī-i Īrān
• Subjects: Renewable energy; economy growth; Oil Exporting Countries; OPEC
• Online Access: http://jiee.atu.ac.ir/article_8025_33928ae83a20c2bd073f7fe037acfb48.pdf

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.