Relation of Renewable Energy Investments and Employment: An Analysis on E-7 Countries

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AFŞAR M., Ozarslan-Dogan B.

SOSYOEKONOMI, vol.29, no.50, pp.547-564, 2021 (ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 29 Issue: 50
  • Publication Date: 2021
  • Doi Number: 10.17233/sosyoekonomi.2021.04.25
  • Journal Name: SOSYOEKONOMI
  • Journal Indexes: Emerging Sources Citation Index (ESCI), TR DİZİN (ULAKBİM)
  • Page Numbers: pp.547-564
  • Keywords: Renewable Energy, Employment, Panel Data Analysis, TECHNOLOGIES, CONSUMPTION, EXPANSION
  • Anadolu University Affiliated: Yes


In general, one of the most important economic problems in all economies, especially in the E-7 countries, is low employment. In this sense, it is of great importance to adopt policies to increase employment in these countries. In this context, the relationship between employment and investment in renewable energy is analysed with the help of "Panel ARDL Method PMG Estimator" using the data set for the period 2000-2019 for E-7 countries. The study includes fixed asset investment, economic growth, inflation, and total labour force in addition to renewable energy investment in the analysis. The result of the analysis: it was found that renewable energy investment, economic growth, and fixed investment have a positive effect on employment, while total labour force and inflation have a negative effect.