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Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran

This study examines the relationship between economic growth, renewable energy consumption, and carbon emissions in Iran between 1975–2017, and the bounds testing approach to cointegration and the asymmetric method was used in this study. The results reveal that in the long run increase in renewable...

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Autores principales: Karimi, M. S., Ahmad, S., Karamelikli, H., Dinç, D. T., Khan, Y. A., Sabzehei, M. T., Abbas, S. Z.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8289101/
https://www.ncbi.nlm.nih.gov/pubmed/34280209
http://dx.doi.org/10.1371/journal.pone.0253464
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author Karimi, M. S.
Ahmad, S.
Karamelikli, H.
Dinç, D. T.
Khan, Y. A.
Sabzehei, M. T.
Abbas, S. Z.
author_facet Karimi, M. S.
Ahmad, S.
Karamelikli, H.
Dinç, D. T.
Khan, Y. A.
Sabzehei, M. T.
Abbas, S. Z.
author_sort Karimi, M. S.
collection PubMed
description This study examines the relationship between economic growth, renewable energy consumption, and carbon emissions in Iran between 1975–2017, and the bounds testing approach to cointegration and the asymmetric method was used in this study. The results reveal that in the long run increase in renewable energy consumption and CO(2) emissions causes an increase in real GDP per capita. Meanwhile, the decrease in renewable energy has the same effect, but GDP per capita reacts more strongly to the rise in renewable energy than the decline. Besides, in the long run, a reduction of CO(2) emissions has an insignificant impact on GDP per capita. Furthermore, the results from asymmetric tests suggest that reducing CO(2) emissions and renewable energy consumption do not have an essential role in decreasing growth in the short run. In contrast, an increase in renewable energy consumption and CO(2) emissions do contribute to boosting the growth. These results may be attributable to the less renewable energy in the energy portfolio of Iran. Additionally, the coefficients on capital and labor are statistically significant, and we discuss the economic implications of the results and propose specific policy recommendations.
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spelling pubmed-82891012021-07-31 Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran Karimi, M. S. Ahmad, S. Karamelikli, H. Dinç, D. T. Khan, Y. A. Sabzehei, M. T. Abbas, S. Z. PLoS One Research Article This study examines the relationship between economic growth, renewable energy consumption, and carbon emissions in Iran between 1975–2017, and the bounds testing approach to cointegration and the asymmetric method was used in this study. The results reveal that in the long run increase in renewable energy consumption and CO(2) emissions causes an increase in real GDP per capita. Meanwhile, the decrease in renewable energy has the same effect, but GDP per capita reacts more strongly to the rise in renewable energy than the decline. Besides, in the long run, a reduction of CO(2) emissions has an insignificant impact on GDP per capita. Furthermore, the results from asymmetric tests suggest that reducing CO(2) emissions and renewable energy consumption do not have an essential role in decreasing growth in the short run. In contrast, an increase in renewable energy consumption and CO(2) emissions do contribute to boosting the growth. These results may be attributable to the less renewable energy in the energy portfolio of Iran. Additionally, the coefficients on capital and labor are statistically significant, and we discuss the economic implications of the results and propose specific policy recommendations. Public Library of Science 2021-07-19 /pmc/articles/PMC8289101/ /pubmed/34280209 http://dx.doi.org/10.1371/journal.pone.0253464 Text en © 2021 Karimi et al https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/) , which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
spellingShingle Research Article
Karimi, M. S.
Ahmad, S.
Karamelikli, H.
Dinç, D. T.
Khan, Y. A.
Sabzehei, M. T.
Abbas, S. Z.
Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran
title Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran
title_full Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran
title_fullStr Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran
title_full_unstemmed Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran
title_short Dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ARDL approach: Evidence from Iran
title_sort dynamic linkages between renewable energy, carbon emissions and economic growth through nonlinear ardl approach: evidence from iran
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8289101/
https://www.ncbi.nlm.nih.gov/pubmed/34280209
http://dx.doi.org/10.1371/journal.pone.0253464
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