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, PraiseTitle 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 modelCopyright Holder United Nations University Institute for Natural Resources in Africa Copyright Year 2016 Copyright type Fair use permitted ISBN 9789988633172 -
Citation counts Search Google Scholar Access Statistics: 2216 Abstract Views, 893 File Downloads - Detailed Statistics Created: Fri, 16 Dec 2016, 00:18:43 JST by Praise Nutakor on behalf of UNU INRA