Abstract
The Covid-19 pandemic is putting the world into some very hard times and the labor market is currently experiencing a very significant shock. In Morocco, the unemployment rate has increased since the beginning of the crisis. In the other hand, the world is engaged in a sustainable path and Morocco has started some years ago the deployment of renewable energy sources. After the 2008 crisis, the emergence of the concept of “Green New Deal” has demonstrated the impact of environmental measures and strategies included in many countries recovery plans, on boosting the economy. The objective of this article is to highlight the benefits of green economic recovery policies, on the employment in Morocco, especially for the renewable energy sector. The causality between renewable energy consumption and unemployment will be tested using the VAR model, the Johansen co-integration test, and the Granger causality test, for the period 1990-2017. Our results suggest that there is causality running from renewable energy consumption to unemployment. In fact, renewable energy sector can contribute to reduce the employment rate in Morocco. Investments in the sector can then be made to create jobs, particularly after the Covid-19 pandemic, that caused many jobs losses.
Highlights
The world is experiencing today an unprecedented crisis
That it is possible to take advantage of environmental policies in boosting the economy and creating what we call Green jobs.The aim of this article is to examine the relation between renewable energy and unemployment in Morocco
Using the Vector Auto-Regressive (VAR) approach, we studied the relation between renewable energy consumption, public expenditure,gross fixed capital formation and unemployment rate, over the period 1990-2017, in Morocco
Summary
The apparition of the new COVID19 virus and its spread in the majority of countries has turned the global system upside down and caused a health crisis, and an economic, political and social crisis. The measures taken by the majority of states to fight the new Corona Virus have included a general containment of the population which caused many jobs losses. It is clear that the world, and the country, will need a very important economic recovery program. Even if it is difficult to compare the current economic crisis with the one than the world have faced in 2008, some green economic stimulus that have been taken to promote green growth, can be reproduced in the frame of the Moroccan recovery. Many countries have established green stimulus plans after the crisis, including major green programs and investments.
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