IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2022-04-40.html
   My bibliography  Save this article

Econometric Analysis of the Relationship between Renewable Energy Production, Traditional Energy Production and Unemployment: The Case of Azerbaijan

Author

Listed:
  • Bahman Huseynli

    (Lecturer, Azerbaijan State University of Economics (UNEC), Azerbaijan, Baku, Azerbaijan; PhD candidate Marmara University, Istanbul, Turkey,)

  • Nigar Huseynli

    (Lecturer, Azerbaijan State University of Economics (UNEC), Azerbaijan, Baku, Azerbaijan; PhD candidate Sakarya University, Sakarya, Turkey.)

Abstract

The aim of this study is to determine the relationship between Azerbaijan`s traditional energy production, renewable energy production and unemployment rates. While performing the analysis, it was first tested whether the data were stationary or not. The data were stabilized by using the Augmented Dickey Fuller test (ADF). After making the data stationary, the VAR model was established, and appropriate lag lengths were determined. The relationship between the data was analyzed by using the Granger Causality test at the end. Finally, the direction and strength of the relationship between the variables were tried to be determined by making correlation analysis between the variables. According to the results of the Granger analysis, a causal relationship was found between unemployment and renewable energy production, and between renewable energy production and traditional energy production based on 2005-2015 data in Azerbaijan.

Suggested Citation

  • Bahman Huseynli & Nigar Huseynli, 2022. "Econometric Analysis of the Relationship between Renewable Energy Production, Traditional Energy Production and Unemployment: The Case of Azerbaijan," International Journal of Energy Economics and Policy, Econjournals, vol. 12(4), pages 379-384, July.
    • Handle: RePEc:eco:journ2:2022-04-40
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/13233/6851
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/13233
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Apergis, Nicholas & Payne, James E., 2010. "Renewable energy consumption and economic growth: Evidence from a panel of OECD countries," Energy Policy, Elsevier, vol. 38(1), pages 656-660, January.
    2. Daniel Ştefan Armeanu & Georgeta Vintilă & Ştefan Cristian Gherghina, 2017. "Does Renewable Energy Drive Sustainable Economic Growth? Multivariate Panel Data Evidence for EU-28 Countries," Energies, MDPI, vol. 10(3), pages 1-21, March.
    3. Bergmann, Ariel & Colombo, Sergio & Hanley, Nick, 2008. "Rural versus urban preferences for renewable energy developments," Ecological Economics, Elsevier, vol. 65(3), pages 616-625, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Teymur Sarkhanov & Nigar Huseynli, 2022. "Econometric Analysis of Renewable Energy Consumption and Economic Growth: The Case of Kazakhstan and Kyrgyzstan," International Journal of Energy Economics and Policy, Econjournals, vol. 12(6), pages 163-167, November.
    2. Bahman Huseynli, 2023. "Renewable Solar Energy Resources Potential and Strategy in Azerbaijan," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 31-38, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iorember, Paul Terhemba & Usman, Ojonugwa & Jelilov, Gylych, 2019. "Asymmetric Effects of Renewable Energy Consumption, Trade Openness and Economic Growth on Environmental Quality in Nigeria and South Africa," MPRA Paper 96333, University Library of Munich, Germany, revised 2019.
    2. Daniela Nicoleta Sahlian & Adriana Florina Popa & Raluca Florentina Creţu, 2021. "Does the Increase in Renewable Energy Influence GDP Growth? An EU-28 Analysis," Energies, MDPI, vol. 14(16), pages 1-16, August.
    3. Marius-Corneliu Marinaș & Marin Dinu & Aura-Gabriela Socol & Cristian Socol, 2018. "Renewable energy consumption and economic growth. Causality relationship in Central and Eastern European countries," PLOS ONE, Public Library of Science, vol. 13(10), pages 1-29, October.
    4. Kuşkaya, Sevda & Bilgili, Faik & Muğaloğlu, Erhan & Khan, Kamran & Hoque, Mohammad Enamul & Toguç, Nurhan, 2023. "The role of solar energy usage in environmental sustainability: Fresh evidence through time-frequency analyses," Renewable Energy, Elsevier, vol. 206(C), pages 858-871.
    5. Chica-Olmo, Jorge & Sari-Hassoun, Salaheddine & Moya-Fernández, Pablo, 2020. "Spatial relationship between economic growth and renewable energy consumption in 26 European countries," Energy Economics, Elsevier, vol. 92(C).
    6. Zhao, Xu & Luo, Dongkun, 2017. "Driving force of rising renewable energy in China: Environment, regulation and employment," Renewable and Sustainable Energy Reviews, Elsevier, vol. 68(P1), pages 48-56.
    7. Bilgili, Faik & Kuşkaya, Sevda & Toğuç, Nurhan & Muğaloğlu, Erhan & Koçak, Emrah & Bulut, Ümit & Bağlıtaş, H. Hilal, 2019. "A revisited renewable consumption-growth nexus: A continuous wavelet approach through disaggregated data," Renewable and Sustainable Energy Reviews, Elsevier, vol. 107(C), pages 1-19.
    8. Vural, Gulfer, 2020. "Renewable and non-renewable energy-growth nexus: A panel data application for the selected Sub-Saharan African countries," Resources Policy, Elsevier, vol. 65(C).
    9. Wan-Jiun Chen, 2022. "Toward Sustainability: Dynamics of Total Carbon Dioxide Emissions, Aggregate Income, Non-Renewable Energy, and Renewable Power," Sustainability, MDPI, vol. 14(5), pages 1-27, February.
    10. Nadia Singh & Richard Nyuur & Ben Richmond, 2019. "Renewable Energy Development as a Driver of Economic Growth: Evidence from Multivariate Panel Data Analysis," Sustainability, MDPI, vol. 11(8), pages 1-18, April.
    11. Tsagarakis, Konstantinos P., 2020. "Shallow geothermal energy under the microscope: Social, economic, and institutional aspects," Renewable Energy, Elsevier, vol. 147(P2), pages 2801-2808.
    12. Mihaela Simionescu & Carmen Beatrice Păuna & Tiberiu Diaconescu, 2020. "Renewable Energy and Economic Performance in the Context of the European Green Deal," Energies, MDPI, vol. 13(23), pages 1-19, December.
    13. Rafał Kasperowicz & Yuriy Bilan & Dalia Štreimikienė, 2020. "The renewable energy and economic growth nexus in European countries," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(5), pages 1086-1093, September.
    14. Ismael Pérez-Franco & Agustín García-García & Juan J. Maldonado-Briegas, 2020. "Energy Transition Towards a Greener and More Competitive Economy: The Iberian Case," Sustainability, MDPI, vol. 12(8), pages 1-14, April.
    15. Al-mulali, Usama & Fereidouni, Hassan Gholipour & Lee, Janice Y.M., 2014. "Electricity consumption from renewable and non-renewable sources and economic growth: Evidence from Latin American countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 290-298.
    16. Luigi Aldieri & Jonas Grafström & Kristoffer Sundström & Concetto Paolo Vinci, 2019. "Wind Power and Job Creation," Sustainability, MDPI, vol. 12(1), pages 1-23, December.
    17. Wan-Lin Yong & Jerome Kueh & Yong Sze Wei & Jang-Haw Tiang, 2020. "Energy Consumption and Economic Growth Nexus in China: Autoregressive Distributed Lag (ARDL)," Journal of Public Administration and Governance, Macrothink Institute, vol. 10(2), pages 194212-1942, December.
    18. Marius Dalian Doran & Maria Magdalena Poenaru & Alexandra Lucia Zaharia & Sorana Vătavu & Oana Ramona Lobonț, 2022. "Fiscal Policy, Growth, Financial Development and Renewable Energy in Romania: An Autoregressive Distributed Lag Model with Evidence for Growth Hypothesis," Energies, MDPI, vol. 16(1), pages 1-18, December.
    19. Wei Wang & Kehui Wei & Oleksandr Kubatko & Vladyslav Piven & Yulija Chortok & Oleksandr Derykolenko, 2023. "Economic Growth and Sustainable Transition: Investigating Classical and Novel Factors in Developed Countries," Sustainability, MDPI, vol. 15(16), pages 1-15, August.
    20. Inglesi-Lotz, Roula, 2016. "The impact of renewable energy consumption to economic growth: A panel data application," Energy Economics, Elsevier, vol. 53(C), pages 58-63.

    More about this item

    Keywords

    Energy; Renewable energy; Traditional energy; Unemployment; Economy; Azerbaijan;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2022-04-40. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.