The effect of economic growth, investment, and unemployment on renewable energy transition: evidence from OECD countries

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dc.authorid0000-0003-1289-6652en_US
dc.authorid0000-0002-2485-9456en_US
dc.authorid0000-0001-8453-9940en_US
dc.contributor.authorGüler, İlkay
dc.contributor.authorAtan, Murat
dc.contributor.authorAdalı, Zafer
dc.date.accessioned2024-11-27T10:26:56Z
dc.date.available2024-11-27T10:26:56Z
dc.date.issued2024
dc.departmentAÇÜ, Hopa İktisadi ve İdari Bilimler Fakültesi, İktisat Bölümüen_US
dc.description.abstractIn today’s world, where the dramatic effects of climate change continue to increase, it is critical to turn from fossil fuels to renewable energy sources to achieve the CO2 emission reduction targets that countries have committed at the Paris Climate Agreement and COP 27 conference. This study analyzes the effects of macroeconomic factors, including economic growth, investments, and unemployment, on the transition to renewable energy in OECD countries. From 1996 to 2020, long-run relationships between variables were examined using advanced econometric methodologies for empirical analysis. For this purpose, panel data analysis, second-generation panel unit root tests, cross-sectional dependence tests, and panel cointegration tests were applied. Economically, in the long run, according to panel CCEMG and AMG estimator, while economic growth enhances the renewable energy transitions, investment does not statistically promote an impact on the renewable energy transitions. Renewable energy transition increases with unemployment. Moreover, the role of the considered variables in the renewable energy transition varies among country-specific. Within the framework of the results obtained, it has been proven that before determining policies for renewable energy transformation, it is necessary to do the necessary groundwork in the economy to increase economic growth and investments and reduce unemployment.
dc.identifier.doi10.1007/s11356-024-34143-7
dc.identifier.endpage52016en_US
dc.identifier.issn0944-1344
dc.identifier.issue39en_US
dc.identifier.scopusqualityQ1
dc.identifier.startpage52001en_US
dc.identifier.urihttp://dx.doi.org/10.1007/s11356-024-34143-7
dc.identifier.urihttps://hdl.handle.net/11494/5039
dc.identifier.volume31en_US
dc.indekslendigikaynakScopus
dc.indekslendigikaynakPubMed
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofEnvironmental Science and Pollution Research
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectEconomic Growthen_US
dc.subjectEnergy Economicsen_US
dc.subjectInvestmenten_US
dc.subjectO11en_US
dc.subjectQ42en_US
dc.subjectQ43en_US
dc.subjectRenewable Energyen_US
dc.titleThe effect of economic growth, investment, and unemployment on renewable energy transition: evidence from OECD countriesen_US
dc.typeArticle

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