Youth Unemployment and Energy Consumption in OECD Countries

Year 2020, Volume: 8 Issue: 20, 20 - 35

Elma Satrovic

Abstract

Youth unemployment is considered a socio-economic problem with serious consequences. It can
increase criminal activity among youth. Apart from this, current youth unemployment may cause
a serious loss of the income in the future. Therefore, a potential link between energy consumption
and youth unemployment is explored in this research. Annual panel data have been collected for 34
OECD countries between 1991 and 2015. This paper employed a panel VAR approach. The empirical
findings indicate that youth unemployment responds negatively to energy consumption. These results
were confirmed using the Granger causality test, which revealed a unidirectional causal link running
from energy consumption to youth unemployment. This is why necessary efforts need to be made to
increase youth employment. A negative impact reported in this research gives important insights for
key policy makers. The concluding remarks of this paper discuss policy recommendations in detail
and offer insight for future research.

Keywords

Causal link, Energy consumption, OECD countries, Panel VAR, Youth unemployment

OECD Ülkelerinde Genç İşsizliği ve Enerji Tüketimi

Abstract

Genç işsizliği, ciddi sonuçları olan bir sosyo-ekonomik sorun olarak kabul edilmektedir. Bu durum
gençler arasında suç faaliyetlerini artırabilmektedir. Bunun dışında, mevcut genç işsizliği gelecekte
ciddi bir gelir kaybına neden olabilmektedir. Bu nedenle, bu araştırmada enerji tüketimi ile genç
işsizliği arasındaki potansiyel bağlantı incelenmiştir. 34 OECD ülkesi için 1991 ve 2015 arası yıllık
panel verileri toplanmıştır. Bu çalışmada panel VAR yaklaşımı kullanılmıştır. Ampirik bulgular,
genç işsizliğinin enerji tüketimine olumsuz yanıt verdiğini göstermektedir. Bu sonuçlar, enerji
tüketiminden genç işsizliğe uzanan tek yönlü bir nedensel bağlantı ortaya koyan Granger nedensellik
testi kullanılarak doğrulanmıştır. Bu nedenle gençlerin istihdamını artırmak için gerekli çabaların
gösterilmesi gerekmektedir. Bu araştırmada raporlanan olumsuz bir etki, temel politika yapıcılar
için önemli bilgiler vermektedir. Bu makalenin sonuç yorumları, politika önerilerini ayrıntılı olarak
tartışmakta ve gelecekteki araştırmalar için fikir sunmaktadır.

Keywords

Nedensel bağlantı, Enerji tüketimi, OECD ülkeleri, Panel VAR, Genç işsizlik

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