Document Type : Research Paper
Authors
1 University of Mazandaran
2 Associate professor of economics at university of Mazandaran
3 university of mazandaran
Abstract
Reports from the International Renewable Energy Agency (IRENA) predict that the expansion of renewable energy resources at the regional level significantly influences employment, contributing to the creation of direct, indirect, and induced jobs across various sectors. In light of this, the present study examines the impact of renewable energy development on employment in two groups of countries—developing and developed—both possessing renewable energy resources, over the period 2008 to 2022. The analysis employs the Dynamic Ordinary Least Squares (DOLS) method.
The findings reveal that installed renewable energy capacity has a positive effect on employment in both country groups, contributing to increased job opportunities. Furthermore, the study identifies a positive relationship between GDP and employment in both developing and developed countries. In contrast, wages show a negative association with employment across both groups. Finally, the results indicate that gross capital formation positively affects employment in developing countries but has a negative impact in developed countries.
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