Institutional quality plays an undeniable role in every goal of accelerating economic growth. While the MENA region offers many natural assets that can make investments in renewable energy profitable, this region suffers from several institutional quality issues. In this line of thinking, this paper examines the relationship between renewable energy and economic growth in MENA countries taking into account institutional measures. To get a deeper insight into the relationship between this triangle of annual variables spreading from 1986 to 2015, our study considered a broader set of institutional variables, namely, corruption, bureaucracy quality, democracy accountability, law and order, and ethnic tensions. Using panel cointegration tests, we found that renewable energy, economic growth, and any institutional measures, of all considered in this study, are cointegrated. Furthermore, we found a strong causality running from renewable energy and any institutional measure, except law and order, to growth. A reverse path is also observed since there is also a strong causality running from growth to renewable energy when the causal regression includes any institutional measure. Our findings corroborate the fact that establishing an attractive institutional framework in MENA countries could be of ultimate importance in the profitability of renewable energy investments and in accelerating economic growth.

制度质量在加速经济增长的每一个目标中都扮演着不可否认的角色。尽管中东和北非地区提供许多自然资产，这些资产可以使可再生能源投资获利，但该地区仍面临着一些机构质量问题。本着这种思路，本文考虑了制度措施，考察了中东和北非国家可再生能源与经济增长之间的关系。为了更深入地了解从1986年到2015年这一三角形的年度变量之间的关系，我们的研究考虑了更广泛的制度变量，即腐败，官僚主义素质，民主责任制，法律与秩序以及种族紧张关系。通过面板协整检验，我们发现可再生能源，经济增长以及任何机构性措施，本研究中考虑的所有因素都是协整的。此外，我们发现从可再生能源和任何体制性措施（法律和秩序除外）到经济增长都有很强的因果关系。由于因果回归包括任何制度措施时，从增长到可再生能源也存在很强的因果关系，因此也观察到了一条相反的路径。我们的发现证实了这样一个事实，即在中东和北非国家建立有吸引力的制度框架可能对可再生能源投资的盈利能力和加速经济增长至关重要。由于因果回归包括任何制度措施时，从增长到可再生能源也存在很强的因果关系，因此也观察到了一条相反的路径。我们的发现证实了这样一个事实，即在中东和北非国家建立有吸引力的制度框架可能对可再生能源投资的盈利能力和加速经济增长至关重要。由于因果回归包括任何制度措施时，从增长到可再生能源也存在很强的因果关系，因此也观察到了一条相反的路径。我们的发现证实了这样一个事实，即在中东和北非国家建立有吸引力的制度框架可能对可再生能源投资的盈利能力和加速经济增长至关重要。