Green Energy and Its Impact on Employment and Economic Growth

Osiolo, Helen H. (2016). Green Energy and Its Impact on Employment and Economic Growth. UNU-INRA Working Paper. United Nations University Institute for Natural Resources in Africa.

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  • Sub-type Working paper
    Author Osiolo, Helen H.
    Editor Yong Nje, Dorothé
    Nutakor, Praise
    Title Green Energy and Its Impact on Employment and Economic Growth
    Series Title UNU-INRA Working Paper
    Volume/Issue No. 19
    Publication Date 2016-12-15
    Place of Publication Accra
    Publisher United Nations University Institute for Natural Resources in Africa
    Pages VII, 36
    Language eng
    Abstract The main objective of this paper is to estimate the effects of renewable energy on employment and economic growth in Kenya. The paper shows how investment especially in renewable energy creates employment and meets the country’s objective of generating cheap, sustainable and modern energy for all. The effects of renewable energy on employment and economic growth are analysed using econometric regression and Input-Output models. Applying the 4 vector error correction model, the results show that renewable energy is an important factor that positively influences growth. Also, through use of Jobs and Economic Development Impact model for geothermal power, the findings indicate that investments in renewable energy generation contribute to employment creation. Specifically, an estimate of 584 jobs is created through generating geothermal power from Olkaria IV plant and this amount to an estimated output of US$ 32, 000,000.
    Keyword Renewable energy
    Employment
    Growth
    Vector error correction model
    JEDI model
    Copyright Holder United Nations University Institute for Natural Resources in Africa
    Copyright Year 2016
    Copyright type Fair use permitted
    ISBN 9789988633172
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    Created: Fri, 16 Dec 2016, 00:18:43 JST by Praise Nutakor on behalf of UNU INRA