ISSN: 2222-6990
Open access
In this study we investigate the inter-temporal causal relationship among Economic growth, Oil
products consumption, Electricity consumption and Price (intermittent variable) during 1973-
2006. We employ the Autoregressive Distributed Lag (ARDL)-Bounds Testing approach by
Pesaran et al (2001). The result of bounds test shows that there is long run co-integration
among economic growth, Price, Oil products consumption and economic growth, Price,
Electricity consumption. Also the result shows that there is unidirectional casual effect of Oil
products consumption and Electricity consumption on economic growth and the impact of
these two variables on economic growth in long run is negative. Hence, waste and deficient of
oil product consumption and electricity consumption in long run are a deterrent for economic
growth in Iran’s economy. Thus, energy saving policies should be selected by policymakers in
Iran’s economy.
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Copyright: © 2021 The Author(s)
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