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

Author

Listed:
  • Razmi, Seyedeh Fatemeh
  • Ramezanian Bajgiran, Bahareh
  • Behname, Mehdi
  • Salari, Taghi Ebrahimi
  • Razmi, Seyed Mohammad Javad

Abstract

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.

Suggested Citation

  • Razmi, Seyedeh Fatemeh & Ramezanian Bajgiran, Bahareh & Behname, Mehdi & Salari, Taghi Ebrahimi & Razmi, Seyed Mohammad Javad, 2020. "The relationship of renewable energy consumption to stock market development and economic growth in Iran," Renewable Energy, Elsevier, vol. 145(C), pages 2019-2024.
    • Handle: RePEc:eee:renene:v:145:y:2020:i:c:p:2019-2024
    DOI: 10.1016/j.renene.2019.06.166
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