Yenilenebilir Enerji Tüketiminin İşsizlik Üzerindeki Etkileri: BRICS-T Ülkeleri Üzerine Ampirik Bir İnceleme.

Unemployment and environmental pollution are two significant obstacles to achieving long-term development goals in most countries. The literature generally agrees that shifting the basic dynamic of economic activity from fossil energy to renewable energy sources is necessary to solve these two problems simultaneously. This paper examines the dynamic influences of renewable energy (REN) consumption on unemployment in BRICST (Brazil, Russia, India, South Africa, and Türkiye) countries using annual data spanning from 1991 to 2021. To this end, the bootstrap LM test is first used to evaluate the cointegration relationship between REN consumption, fossil fuel utilization, economic growth, and unemployment variables included in the econometric model to be estimated in the study. Then, the short and long-term connections between the analyzed variables are explored using the cross-sectionally augmented ARDL (CS-ARDL) model, which can produce consistent results when there is cross-sectional dependence and slope heterogeneity and when the variables exhibit different stationarity properties. Findings from the bootstrap LM test provide evidence of a long run cointegration association between the variables. Moreover, the CS-ARDL model estimation results demonstrate a negative but statistically insignificant connection between REN consumption and unemployment and that economic growth and fossil fuel usage significantly reduce unemployment in the short and long run. These outcomes suggest that the proportion of REN in total energy consumption in BRICS-T nations has yet to reach a sufficient level to realize its potential to reduce unemployment and/or that the economies of these countries depend on traditional energy. The findings also confirm the validity of Okun's Law in the sample nations. [ABSTRACT FROM AUTHOR]