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Investigation on the Job Creation Effect of Green Energy in OECD Countries

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Econometrics of Green Energy Handbook

Abstract

This chapter aims to examine the job creation effect of green energy sector developments in 18 OECD countries. For this purpose, the unemployment rates of observed countries are described as a function of economic growth, capital accumulation, government activities and green energy consumption, and constructed empirical model is analyzed with panel data methodologies for the period from 1990 to 2015. The results of empirical analysis show that economic growth and capital accumulation contribute to employment level for the panel of OECD countries, while increasing green energy usage and government activities are not efficient on employment. However, country-specific estimation results reveal that green energy consumption reduces unemployment rate in Canada, France, Israel, Mexico and New Zealand.

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Destek, M.A., Ozsoy, F.N., Ozpolat, A. (2020). Investigation on the Job Creation Effect of Green Energy in OECD Countries. In: Shahbaz, M., Balsalobre-Lorente, D. (eds) Econometrics of Green Energy Handbook. Springer, Cham. https://doi.org/10.1007/978-3-030-46847-7_6

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  • DOI: https://doi.org/10.1007/978-3-030-46847-7_6

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