Renewable Energy Production and Unemployment: The Case of BRIC-T Countries

Mustafa Gerçeker, İbrahim Özmen, Mehmet Mucuk

Abstract


Renewable energy production has become inevitable because of the factors such as having limited reserves of energy resources based on fossil fuels, unbalanced distribution of reserves and environmental pollution. The use of renewable energy sources has both increased and widespread with the development of the techniques in this area. Due to the increase in renewable energy production, its macroeconomic effects have also created an important area of controversy. In this study, the relationship between renewable energy production and unemployment was tested for BRIC-T countries by using panel data analysis for the period of 1991-2014. The empirical findings showed that there is a long-term relationship between the variables, but the effect of renewable energy production on unemployment varies according to the countries.

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