Investigating Factors Affecting Renewable and Nonrenewable Electricity Generation in Iran

Seyedeh Fatemeh Razmi, Mahboubeh Ghodratnama, Seyed Mohamad Javad Razmi and Amirmohammad Esmaeili Korani
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Seyedeh Fatemeh Razmi: Independent Researcher, Mashhad, Iran
Mahboubeh Ghodratnama: PhD Candidate, Ferdowsi University of Mashhad, Mashhad, Iran
Seyed Mohamad Javad Razmi: Ferdowsi University of Mashhad, Mashhad, Iran
Amirmohammad Esmaeili Korani: PhD Student of Economics, University of Szeged, Hungary

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 5, 109-117

Abstract: This study identifies key elements that facilitate the transition of power generation from non-renewable to renewable sources. Annual data from 1977 to 2018 and an autoregressive distributed lag model are used in the study. The gross domestic product, industrialization, urbanization, fuel, and power prices, as well as the dollar exchange rate, are employed as independent variables. The study takes the Iran-Iraq War and nuclear sanctions into account. The findings show that, in the short run, all variables—aside from the exchange rate—have an impact on the generation of electricity from renewable sources. Only natural gas prices, industrialization, and gross domestic product are effective in the short run, for power generation from non-renewable energies. In the long run, all variables, with the exception of electricity price, are effective in producing power from renewable sources, and all variables, with the exception of fuel prices and industrialization, are effective in producing electricity from non-renewable sources. The findings also indicate that nuclear sanctions have a detrimental impact on the production of electricity from renewable sources and a beneficial impact on the production of electricity from non-renewable sources.

Keywords: Electricity Generation; Power Production; Renewable Energies; Non-Renewable Energies; ARDL; Natural Gas (search for similar items in EconPapers)
JEL-codes: Q43 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2024-05-11

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