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The effects of environmental investments on employment in the Greek economy: An input-output approach (2010-2020)

Author

Listed:
  • Belegri-Roboli, Athena
  • Markaki, Maria
  • Michaelides, Panayotis G.

Abstract

The purpose of this paper is to evaluate the contribution of the environmental investments (“green” investments) in terms of employment in the Greek economy. The “green” investments include investments in electricity generation from renewable energy technologies, reducing domestic energy consumption, reducing air emissions from automobiles and alternative waste management, etc. The “green” investment vector is estimated for the Greek economy by sector of economic activity for the time period 2010- 2020. The Input Output (IO) approach is applied to our research question given that it calculates direct, indirect and induced effects on employment, by sector of economic activity. Concerning employment, the main finding of the paper is that each 1M€ of investments is expected to create employment equal to 24.75 full-time equivalent employees, of which 56.49 % is direct, 23.29% indirect and 20.22% induced employment. Meanwhile, every year the “green” investments create employment equal to 74,300 full-time equivalent employees, on average.

Suggested Citation

  • Belegri-Roboli, Athena & Markaki, Maria & Michaelides, Panayotis G., 2010. "The effects of environmental investments on employment in the Greek economy: An input-output approach (2010-2020)," MPRA Paper 74488, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:74488
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    References listed on IDEAS

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    1. Oecd, 1998. "OECD Data on Skills: Employment by Industry and Occupation," OECD Science, Technology and Industry Working Papers 1998/4, OECD Publishing.
    2. Robert Pollin & Heidi Garrett-Peltier & James Heintz & Helen Scharber, 2008. "Green Recovery: A Program to Create Good Jobs & Start Building a Low-Carbon Economy," Published Studies peri_report, Political Economy Research Institute, University of Massachusetts at Amherst.
    3. Wei, Max & Patadia, Shana & Kammen, Daniel M., 2010. "Putting renewables and energy efficiency to work: How many jobs can the clean energy industry generate in the US?," Energy Policy, Elsevier, vol. 38(2), pages 919-931, February.
    4. Robert Pollin & James Heintz & Heidi Garrett-Peltier, 2009. "The Economic Benefits of Investing in Clean Energy: How the Economic Stimulus Program and New Legislation Can Boost U.S. Economic Growth and Employment," Published Studies economic_benefits, Political Economy Research Institute, University of Massachusetts at Amherst.
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    Cited by:

    1. Davor Mikulić & Željko Lovrinčević & Damira Keček, 2018. "Economic Effects of Wind Power Plant Deployment on the Croatian Economy," Energies, MDPI, Open Access Journal, vol. 11(7), pages 1-20, July.

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    More about this item

    Keywords

    Green investments; Greece; input – output analysis; employment effects;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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