Renewable Energy Development and Employment in Ecuador’s Rural Sector: An Economic Impact Analysis

Raúl Clemente Ulloa- de Souza, Luis Adrián González-Quiñonez, Luis Jheovanny Reyna-Tenorio, Patricia Janella Salgado-Ortiz and Byron Fernando Chere-Quiñónez
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Raúl Clemente Ulloa- de Souza: Luis Vargas Torres Technical University of Esmeraldas, Ecuador
Luis Adrián González-Quiñonez: Luis Vargas Torres Technical University of Esmeraldas, Ecuador
Luis Jheovanny Reyna-Tenorio: Luis Vargas Torres Technical University of Esmeraldas, Ecuador
Patricia Janella Salgado-Ortiz: Luis Vargas Torres Technical University of Esmeraldas, Ecuador
Byron Fernando Chere-Quiñónez: Luis Vargas Torres Technical University of Esmeraldas, Ecuador

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 1, 464-479

Abstract: The article provides an empirical analysis on the impact of renewable energy development on the unemployment rate, agricultural output and relative rural population in Ecuador. Using an empirical approach, the study examined how the production and consumption of this energy affects the labor market in rural regions. To this end, relevant data on the development of renewable energies in the context of Ecuador were collected, and statistical analyses were carried out to evaluate the relationships between these and the variables of interest. The results obtained indicate that the development of renewable energies has can reduce the unemployment rate and has a positive effect on the relative population of rural regions, however, it does not seem to significantly affect agricultural production. These findings support the idea that the production and consumption of renewable energies can generate jobs directly, due to the need for workers for the construction and maintenance of these technologies, and indirectly, through cheaper energy, increased productive efficiency and better conditions for the expansion of companies. The study offers a significant contribution to the field of energy economics in developing countries and highlights the importance of the adoption of renewable energy sources for rural regions.

Keywords: Renewable Energies; Labor Market; Ecuador (search for similar items in EconPapers)
JEL-codes: C32 O13 O18 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2024-01-51

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