The effect Types of renewable resources On Iranian Electricity Production

Document Type : Review Article

Authors

1 Assistant Professor of Economics, Shahrood University of Technology, Shahrood, Iran

2 Ph.D Student Monetary Economics, Ferdowsi University, Mashhad, Iran

3 Associate Professor in Economics, Ferdowsi University, Mashhad, Iran

Abstract

The main objective of this paper is to investigate the effect of Types the renewable energies on Iranian Electricity Production during the period of 1981-2017. For this purpose, Vector Autoregressive Model, Johansson-Juselius method and Vector Error Correction Model are used. The long run results indicate that if the Electricity Price variables, Electricity Consumption, and the Types renewable energies (such as Solar, Hydro, Wind, and geothermal), these leads to 0.17, 0.54, 8.44, 5.39, 3.78, and 1.03 percentage increase in the Electricity Production. Moreover it was found that among renewable energy sources, the effect of solar energy on the Electricity Production is higher than others and we have to prioritize investment in solar energy. In addition, the results are based on the coefficient of the error correction method indicates that about 0.71 of the short-term imbalance is adjusted in each period to achieve the long-term equilibrium further.

Keywords

References

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History

  • Receive Date: 21 October 2019
  • Revise Date: 08 December 2019
  • Accept Date: 31 December 2019

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