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Examining the effect of clean energy and capital stock on economic growth
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Samira Motaghi *1   , Mino Amini milani2 , Hesam Javanmard2 |
1- Allameh Tabatabai University , s.motaghi@atu.ac.ir
2- payame noor tehran |
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Abstract: (51 Views) |
Renewable energy plays a pivotal role in achieving sustainable development by addressing environmental challenges and fostering economic growth. This study examines the asymmetric effects of renewable energy consumption and capital stock on Iran’s economic growth over 2001–2021 using the nonlinear autoregressive distributed lag (NARDL) model. The findings indicate that negative shocks in renewable energy exert stronger and more significant effects on economic growth than positive shocks. Although the Wald test provides limited evidence of asymmetry, the results confirm the long-term stabilizing role of renewable energy, with both positive and negative shocks influencing growth equally in magnitude. These insights underscore the need for balanced and supportive clean energy policies to mitigate adverse shocks and sustain economic growth.
JEL Classification: Q42, C32, F21.
Keywords: Renewable Energies, Capital Stock, Economic Growth, NARDL Method, Iran.
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| Keywords: JEL Classification: Q42, C32, F21.
Renewable Energies, Capital Stock, Economic Growth, NARDL Method, Iran. |
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Full-Text [PDF 1167 kb]
(76 Downloads)
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Type of Study: Research |
Subject:
Energy Economic
Received: 2025/02/9 | Accepted: 2025/09/23 | Published: 2026/04/30 | ePublished: 2026/04/30
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