The impact of renewable energy consumption on unemployment rates in Uzbekistan: An ARDL approach
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Author(s)Fozil XolmurotovLink to ORCID Index: https://orcid.org/0000-0003-2745-1832
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Obidjon KhamidovLink to ORCID Index: https://orcid.org/0000-0003-4902-759X
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Sukhrob DavlatovLink to ORCID Index: https://orcid.org/0000-0001-9154-9688
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Ergash IbadullaevLink to ORCID Index: https://orcid.org/0000-0002-7059-2510
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Xolilla XolmuratovLink to ORCID Index: https://orcid.org/0000-0002-8082-1006
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Alisher SherovLink to ORCID Index: https://orcid.org/0000-0001-7383-6229
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Gulsanam ArabovaLink to ORCID Index: https://orcid.org/0009-0002-9358-721X
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DOIhttp://dx.doi.org/10.21511/ee.16(1).2025.06
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Article InfoVolume 16 2025, Issue #1, pp. 78-88
- 118 Views
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30 Downloads
This work is licensed under a
Creative Commons Attribution 4.0 International License
This study investigates the intricate interplay between the utilization of renewable energy sources and the fluctuations in unemployment rates in Uzbekistan during the period from 2000 to 2022, utilizing the Autoregressive Distributed Lag model. The analysis leverages World Bank data to explore both short-term and long-term impacts, offering critical insights for policymakers and stakeholders. The findings reveal that an increase in renewable energy consumption has a statistically significant and negative impact on unemployment rates in the long run, with a 1% rise in renewable energy usage leading to a 1.86% decrease in unemployment. In addition, gross fixed capital formation and government expenditure significantly contribute to job creation, while domestic credit to the private sector shows a positive association with unemployment, suggesting inefficiencies in credit allocation. The results emphasize the crucial role of strategic investments in renewable energy as a pathway to address economic and environmental challenges. By promoting renewable energy initiatives, Uzbekistan can align its economic growth with sustainability goals, reduce carbon emissions, and create employment opportunities. This study provides empirical evidence supporting the expansion of renewable energy infrastructure as a means to foster economic development and social well-being. It also underscores the necessity of enhancing financial policy frameworks to ensure efficient credit distribution and maximize the employment benefits of renewable energy projects. The policy recommendations derived from this study advocate for targeted investments, financial sector reforms, and the development of specialized training programs to cultivate a skilled workforce in renewable energy sectors.
- Keywords
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JEL Classification (Paper profile tab)Q20, C50
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References33
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Tables7
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Figures0
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- Table 1. Descriptive statistics
- Table 2. Correlation analysis
- Table 3. Unit root tests: With intercept only
- Table 4. Bound test results
- Table 5. Long-run coefficients ARDL (1,1,0,0,0)
- Table 6. ECM form
- Table 7. Diagnostic tests
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Impact on poverty and income inequality in Malaysia’s economic growth
Rabiul Islam ,
Ahmad Bashawir Abdul Ghani ,
Irwanshah Zainal Abidin ,
Jeya Malar Rayaiappan
doi: http://dx.doi.org/10.21511/ppm.15(1).2017.05
Problems and Perspectives in Management Volume 15, 2017 Issue #1 pp. 55-62 Views: 12351 Downloads: 5886 TO CITE АНОТАЦІЯPoverty and income inequality are extreme issues that still exist in Malaysia. Any rise in poverty and income inequality definitely affect economic growth. There are many great efforts taken by the government of Malaysia to eradicate poverty and to reduce the gap of income inequality which occurs since 1970’s. The incidence of poverty and income inequality is higher in rural areas compared to urban areas. This paper is mainly to study the level of poverty and income inequality in Malaysia together with government intervention to develop Malaysia’s economic growth. The research is focused among the working people at Ipoh, Perak. In this paper, questionnaire forms are being distributed to get information regarding the issue of poverty and income inequality. It also looks into the strategies taken by the government of Malaysia to eradicate poverty and income inequality. Few recommendations are given in terms of education policy, financial aid and assistance from government and non-government organization (NGO) to upgrade the standard and quality of living among the poor and lower-income group of people.
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Impact of inflation on economic growth: evidence from Nigeria
Anthony Olugbenga Adaramola ,
Oluwabunmi Dada
doi: http://dx.doi.org/10.21511/imfi.17(2).2020.01
Investment Management and Financial Innovations Volume 17, 2020 Issue #2 pp. 1-13 Views: 9831 Downloads: 5846 TO CITE АНОТАЦІЯIn an attempt to examine the influence of inflation on the growth prospects of the Nigerian economy, the study employs the autoregressive distributed lag on the selected variables, i.e. real gross domestic product (GDP), inflation rate, interest rate, exchange rate, degree of economy`s openness, money supply, and government consumption expenditures for the period 1980–2018. The study findings indicate that inflation and real exchange rate exert a significant negative impact on economic growth, while interest rate and money supply indicate a positive and significant impact on economic growth. Other variables in the model depict no influence on the economic growth of Nigeria. The causality result shows the unidirectional relationships between interest rate, exchange rate, government consumption expenditures and gross domestic product. However, inflation and the degree of openness show no causal relationship with gross domestic product. As a result, the study recommends that a more pragmatic effort is needed by the monetary authorities to target the inflation vigorously to prevent its adverse effect by ensuring a tolerable rate that would stimulate the economic growth of Nigeria.
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Formalization of the impact of imbalances in the movement of financial resources on economic growth of countries in Central and Eastern Europe
Serhiy Kozmenko ,
Maxim Korneyev
doi: http://dx.doi.org/10.21511/afc.01(1).2017.06
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