Year 2020, Volume 8 , Issue 1, Pages 17 - 28 2020-06-30

The Relationship between Unemployment Rates and Renewable Energy Consumption: Evidence from Fourier ADL Cointegration Test

Veli YILANCI [1] , Emel İSLAMOĞLU [2] , Sinem YILDIRIMALP [3] , Gökçe CANDAN [4]


Unemployment remains an unsolved problem for both developing and developed countries. Solving this problem is one of the important aims for policymakers. In this study, we try to answer the question that whether new energy technologies create new employment areas or not and help to solve unemployment problem. To this end, we use a recently introduced cointegration test that allows structural breaks whose number, location, and form do not affect the accuracy of the test, to examine the long - term relationship between unemployment rates and renewable energy consumption for selected countries of the Organisation for Economic Co-operation and Development (OECD). The results show that there is a cointegration relationship between the variables for Australia, Austria, Chile, France, Germany, Japan, Mexico, Portugal, Spain and United States. The results show that renewable energy consumption positively affects the unemployment rates for Austria, Portugal, and Spain, while it negatively affects the unemployment rates for Australia, Chile, France, Germany, and Japan.
Fourier ADL cointegration test, unemployment, renewable energy consumption
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Primary Language en
Subjects Operations Research and Management Science
Journal Section Articles
Authors

Orcid: 0000-0001-5738-690X
Author: Veli YILANCI (Primary Author)
Institution: SAKARYA ÜNİVERSİTESİ
Country: Turkey


Orcid: 0000-0003-3922-6325
Author: Emel İSLAMOĞLU
Institution: SAKARYA ÜNİVERSİTESİ
Country: Turkey


Orcid: 0000-0003-0171-5916
Author: Sinem YILDIRIMALP
Institution: SAKARYA ÜNİVERSİTESİ
Country: Turkey


Orcid: 0000-0002-5966-0009
Author: Gökçe CANDAN
Institution: SAKARYA ÜNİVERSİTESİ
Country: Turkey


Supporting Institution -
Project Number -
Thanks -
Dates

Application Date : January 8, 2020
Acceptance Date : June 16, 2020
Publication Date : June 30, 2020

APA Yılancı, V , İslamoğlu, E , Yıldırımalp, S , Candan, G . (2020). The Relationship between Unemployment Rates and Renewable Energy Consumption: Evidence from Fourier ADL Cointegration Test . Alphanumeric Journal , 8 (1) , 17-28 . DOI: 10.17093/alphanumeric.669380