Influence of energy use, foreign direct investment and population growth on unemployment for Russian Federation

This study investigates the relationship between unemployment, energy use, population growth and foreign direct investment on unemployment for Russia using Quarterly data from 1992-2015. The study applied Johansen cointegration to analyse the long-run relationship among the estimated variables. The long-run elasticity and Granger causality were investigated under the framework of VECM. The results suggested a positive and statistically significant impact of energy consumption and population growth on unemployment. The Granger causality results suggested bidirectional causality between unemployment and FDI, and population and energy use. The study suggested some policy implications based on our empirical results.