Economic Impact of Renewable Energy on Sustainable Development in Saudi Arabia

This paper studies the asymmetric relationship between renewable energy consumption and economic growth incorporating capital labor for case of Saudi Arabia during period 1990-2019. The nonlinear lagged cointegration (NARDL) model is applied to examine variables. results indicate that there an variables considered. negative shock improves growth, while a positive reduces (increases) in short term. Therefore, policies promote such as need improve quality financial development preserve fiscal sustainability, are crucial sector Arabia. At same time, it essential must also be oriented towards productive projects.