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

被引:81
|
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
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