ENERJİ ÇEŞİTLİLİĞİ VE İSTİHDAM: BRIC-T ÜLKELERİ ÖRNEĞİ
ENERGY DIVERSITY AND EMPLOYMENT: THE CASE OF BRICT COUNTRIES

Summary/Abstract: Renewable energy is especially crucial as it reduces environmental degradation and ensures security of energy supply. In this study, the importance of whether renewable energy is obtained from a single renewable energy source or from multiple renewable energy sources in terms of economy is analysed. In this context, the impact of renewable energy diversity on employment is investigated for BRIC-T countries. A new index is computed using the method of Gozgor and Paramati (2022) to represent renewable energy diversity. In the study, the 2000-2021 period was analysed using the AMG ( Augmented Mean Group) method and it was found that renewable energy diversity has a positive impact on employment. This result implies that renewable energy diversity boosts employment. In this case, in BRIC-T countries, the authorities' encouragement of different renewable energy sources rather than depending on a single renewable energy source may have an employment-enhancing effect. In the study, the effect of fossil energy diversity on employment was similarly investigated and a positive impact was detected. In sum, an increase in employment can be observed when the authorities implement policies that encourage the diversification of renewable and non-renewable energy sources instead of being only dependent on oil.

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