Λίτινα, ΑναστασίαΖηκόπουλος, ΔημήτριοςΔιπλωματική εργασία--Πανεπιστήμιο Μακεδονίας, Θεσσαλονίκη, 2025.Submitted by ΔΗΜΗΤΡΙΟΣ ΖΗΚΟΠΟΥΛΟΣ (mec24001@uom.edu.gr) on 2025-02-19T09:59:17Z No. of bitstreams: 2 license_rdf: 805 bytes, checksum: 4460e5956bc1d1639be9ae6146a50347 (MD5) ZikopoulosDimitriosMSc2025.pdf: 4060939 bytes, checksum: 0b7a2eae8ae13f8cd681a29023c18339 (MD5)The current study explores the relationship between renewable energy capacity (REC), economic growth (GDP per capita), and welfare/development (unemployment) across different regional datasets. Using dynamic panel data econometric techniques, including Vector Error Correction Models (VECM), Autoregressive Distributed Lag (ARDL) models, Dynamic Ordinary Least Squares (DOLS) and System GMM (Generalized Method of Moments), the research assesses both long-run and short-run Granger-causal effects for several datasets of countries, differentiating between total countries, OECD countries, non-OECD countries and EU-27 and EU-15 countries. The findings suggest a predominantly negative relationship between total REC and GDP per capita in the full sample, while in OECD countries, REC positively affects growth. Conversely, non-OECD and EU-15 nations exhibit a negative relationship between REC and GDP. Regarding welfare, REC is mostly associated with lower unemployment in the full sample and OECD countries, suggesting job creation benefits. When analyzing specific renewable energy sources, solar energy systems generally exhibit a negative relationship with economic growth across most datasets, while wind energy appears to enhance GDP per capita. However, the inverse pattern is observed for welfare, as solar energy systems is associated with lower unemployment in the full sample and potentially in non-OECD nations, but higher unemployment in OECD countries. In contrast, and in part, wind energy systems are linked to increased unemployment in the full sample andOECD regions, with possible unemployment reduction in non-OECD countries. These results underscore the complex economic and social effects of renewable energy investments and highlight the need for region-specific policy frameworks to optimize economic and labor market outcomesApproved for entry into archive by Κυριακή Μπαλτά (balta@uom.gr) on 2025-02-19T13:00:10Z (GMT) No. of bitstreams: 2 license_rdf: 805 bytes, checksum: 4460e5956bc1d1639be9ae6146a50347 (MD5) ZikopoulosDimitriosMSc2025.pdf: 4060939 bytes, checksum: 0b7a2eae8ae13f8cd681a29023c18339 (MD5)Made available in DSpace on 2025-02-19T13:00:10Z (GMT). No. of bitstreams: 2 license_rdf: 805 bytes, checksum: 4460e5956bc1d1639be9ae6146a50347 (MD5) ZikopoulosDimitriosMSc2025.pdf: 4060939 bytes, checksum: 0b7a2eae8ae13f8cd681a29023c18339 (MD5) Previous issue date: 2025-02-10http://dspace.lib.uom.gr/handle/2159/32465Πανεπιστήμιο ΜακεδονίαςAttribution-NonCommercial-NoDerivatives 4.0 Διεθνέςhttp://creativecommons.org/licenses/by-nc-nd/4.0/Wind energySolar energyPanel data analysisUnemploymentDecarbonisation and economy: friends or foes? The effect of investments in renewable energy systems on economic growthElectronic Thesis or DissertationText2025-02-19T13:00:10ZΟικονομικά και ΕπιχειρήσειςEconomics and BusinessFrascati 42Μεταπτυχιακή εργασίαMaster thesisΠανεπιστήμιο ΜακεδονίαςGreek Aggregator OpenArchives.gr | National Documentation Centre (EKT)