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Journals / Uluslararası İlişkiler ve Diplomasi / 2026 / Cilt: 9 Sayı: 1

THE ASYMMETRIC EFFECTS OF THE GREEN TRANSITION ON THE LABOR INCOME SHARE: A COMPARATIVE PANEL DATA ANALYSIS OF G-20 AND G-7 ECONOMIES

YEŞİL DÖNÜŞÜMÜN EMEK PAYI ÜZERİNDEKİ ASİMETRİK ETKİLERİ: G-20 VE G-7 EKONOMİLERİ ÜZERİNE KARŞILAŞTIRMALI BİR PANEL VERİ ANALİZİ

Buse Güldal(İSTANBUL ÜNİVERSİTESİ, İKTİSAT FAKÜLTESİ, İKTİSAT (DR))0009-0002-4048-4049
Gülden Ülgen(İstanbul Üniversitesi)0000-0001-6998-7243
Pages
19–37
Publication Date
2026-06-30
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The results demonstrate that trade openness significantly reduces the labor income share in both country groups by weakening labor's bargaining power.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:This study examines the macroeconomic dynamics related to addressing global climate crises and investigates the effects of the green transition on the labor income share of GDP in G-20 and G-7 countries for the period 1991–2021.
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Key Findings & Data:The results demonstrate that trade openness significantly reduces the labor income share in both country groups by weakening labor's bargaining power.
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Conclusion & Impact:The findings suggest that the green transition has yet to attain the technological maturity threshold required to structurally transform labor markets, as underlying structural heterogeneity offsets the impact.
🔬Design:Araştırma Makalesi
📍Scope:2021 Verileri
⚙️Variables:Yeşil Dönüşüm · Emek Gelir Payı · G-20 ve G-7 Ekonomileri

Abstract

This study examines the macroeconomic dynamics related to addressing global climate crises and investigates the effects of the green transition on the labor income share of GDP in G-20 and G-7 countries for the period 1991–2021. The impact of renewable energy consumption was assessed using second-generation panel data techniques, controlling for globalization, human capital, and unemployment. The results demonstrate that trade openness significantly reduces the labor income share in both country groups by weakening labor's bargaining power. However, the impact of renewable energy consumption remained statistically insignificant. Although the coefficient signs exhibit asymmetric tendencies between the G-20 and G-7, this overall insignificance indicates a neutral average effect. The findings suggest that the green transition has yet to attain the technological maturity threshold required to structurally transform labor markets, as underlying structural heterogeneity offsets the impact.

Özet

Bu çalışma, küresel iklim krizleriyle mücadeleye yönelik makroekonomik dinamikleri ele alarak, yeşil dönüşümün G-20 ve G-7 ülkelerinde 1991-2021 dönemi için emeğin GSYİH içindeki payı üzerindeki etkilerini incelemektedir. Yenilenebilir enerji tüketiminin etkisi; küreselleşme, beşerî sermaye ve işsizlik kontrol edilerek ikinci nesil panel veri teknikleriyle değerlendirilmiştir. Sonuçlar, ticari açıklığın emeğin pazarlık gücünü zayıflatarak her iki ülke grubunda da emek gelir payını anlamlı ölçüde düşürdüğünü göstermektedir. Ancak, yenilenebilir enerji tüketiminin etkisi istatistiksel olarak anlamsız kalmıştır. Katsayı işaretleri G-20 ve G-7 arasında asimetrik eğilimler sergilese de, bu genel anlamsızlık durumu ortalama etkinin nötr olduğuna işaret etmektedir. Bulgular, altta yatan yapısal heterojenliğin etkiyi dengelemesi nedeniyle, yeşil dönüşümün emek piyasalarını yapısal olarak dönüştürecek teknolojik olgunluk eşiğine henüz ulaşmadığını göstermektedir.

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Cite This Article

Güldal, B., Ülgen, G. (2026). THE ASYMMETRIC EFFECTS OF THE GREEN TRANSITION ON THE LABOR INCOME SHARE: A COMPARATIVE PANEL DATA ANALYSIS OF G-20 AND G-7 ECONOMIES. Uluslararası İlişkiler ve Diplomasi, Cilt: 9 Sayı: 1, 19–37. https://doi.org/10.51763/uid.1937581

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