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The impacts of household social benefits, public expenditure on labour markets, and household financial assets on the renewable energy sector
Renewable Energy ( IF 9.0 ) Pub Date : 2021-09-13 , DOI: 10.1016/j.renene.2021.09.017
Sayyed Mahdi Ziaei 1
Affiliation  

This research analyses the impacts of social benefits to households, public spending on labour markets, and household financial assets on the supply of renewable energy for selected OECD coussntries from 1995 to 2017. It uses a Panel Non-linear ARDL (PNARDL) model to investigate the long- and short-run symmetric relationships between the variables. The results indicate that changes in labour market public spending have significant asymmetric impacts on renewable energy over both time horizons. The findings confirm the importance of current active labour market policies on the energy market. However, the effects of household financial assets on the energy market are not pronounced. Likewise, the results show that positive changes in household social benefits have a negative impact on renewable energy in the short run. Addressing barriers and increasing investment opportunities for households in the renewable energy market can provide effective solutions for overcoming downturns during periods of economic uncertainty, pandemics, and recessions.



中文翻译:

家庭社会福利、劳动力市场的公共支出和家庭金融资产对可再生能源部门的影响

本研究分析了 1995 年至 2017 年选定的经合组织国家对家庭的社会福利、劳动力市场的公共支出和家庭金融资产对可再生能源供应的影响。 它使用面板非线性 ADL (PNARDL) 模型进行调查变量之间的长期和短期对称关系。结果表明,劳动力市场公共支出的变化在两个时间范围内对可再生能源都有显着的不对称影响。调查结果证实了当前积极的劳动力市场政策对能源市场的重要性。然而,家庭金融资产对能源市场的影响并不明显。同样,结果表明,家庭社会福利的积极变化在短期内会对可再生能源产生负面影响。

更新日期:2021-09-17
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