Investigating the Impact of Country Risks on the Relationship between Renewable Energy Consumption and Economic Growth

Abstract

The purpose of this research is to investigate different levels of country risk and its role in the relationship between renewable energy consumption and economic growth in Iran, during the period (1997-2021). In terms of purpose, this research is of applied type and in terms of causal-analytical method, and the method of collecting information is of documentary-library type. After calculating the threshold value of each variable, we analyzed the effect of renewable energy consumption on economic growth using the threshold distance of different country risks. The results indicate the non-linear effect of renewable energy consumption on economic growth under different risks in the country. This research is one of the first studies in Iran that analyzed the relationship between renewable energy consumption and economic growth based on a risk-based approach. According to the regression model described in the current research, this research provides suggestions for developing a suitable strategic plan with the aim of specifying short-term and long-term goals, and future vision, as a road map for those involved. .

Keywords

• political risk
• financial risk
• economic risk
• economic growth
• renewable energy