This study aims to fill the gap of previous research in the form of developing studies between fuel oil consumption, green economic growth and environmental degradation in 6 selected Asia Pacific countries (Australia, China, India, Indonesia, South Korea and Thailand) by considering the determinants during the period 2007-2020 by using a simultaneous panel model approach. The important findings of this study are grouped into 3 analytical models. First, green economic growth, environmental degradation and cleaner energy have a negative effect on fuel oil consumption, while GDP per capita has a positive effect. Second, fuel oil consumption, environmental degradation and militarization have a negative effect on green economic growth, while technological innovation and cleaner energy have a positive effect. Third, green economic growth and cleaner energy have a negative effect on environmental degradation, while fuel oil consumption, health expenditure and poverty have a positive effect. The policy implication that can be applied is to utilize renewable energy such as biofuel oil to implement a clean development mechanism because the increasing demand for fuel oil consumption will result in CO2 emissions which are a factor causing increased environmental degradation and decreased green growth in a country.
This research aims to analyze the relationship between poverty, unemployment, investment, and economic growth in a simultaneous equation system with the factors that influence them. This condition is essential to identify the causes of poverty and unemployment and how investment and economic growth play a role in overcoming these problems. This research uses panel data from 19 districts/cities in West Sumatra from 2015 to 2020. The estimation technique used is a simultaneous equation using several classical assumption tests such as normality, heteroscedasticity multicollinearity, and Granger causality test. The results of this research show that 1) Unemployment, economic growth, education, and health have a significant effect on poverty in West Sumatra, 2) Economic growth, investment, and wages have a significant effect on unemployment in West Sumatra, 3) Unemployment, investment, poverty, and labor have a significant effect on the economic growth in West Sumatra, 4) Economic growth, wages, and taxes have a significant effect on investment in West Sumatra.
This research is motivated by the high level of carbon emission due to the dominance of non-renewable energy consumption in the use of the energy mix. This study aims to fill the gaps in previous research to support global programs in reducing carbon emission by designing scenario through a shift in consumption of non-renewable energy (fuel oil) to renewable energy (biofuel oil) in the Asia Pacific for future periods, including 2023-2030. The basic foundation of this research is the result of panel regression during the period 2006-2021. Furthermore, non-renewable energy consumption was reduced to three categories (pessimistic, moderate and optimistic), then the decrease was substituted for renewable energy so that the community’s energy needs were still met. The important finding from this research is the consumption of renewable energy and green economic growth can reduce carbon emission, while the consumption of non-renewable energy increases carbon emission. In addition, average carbon emission decreased growth in each scenario, including 15% on the pessimistic, 32% on the moderate and 66% on the optimistic. The policy for reducing carbon emission is to strengthen coordination between domestic institutional structures to develop alternative energy and also implement green economy programs in economic activities.
The open economic system adopted by Indonesia disrupts the current account balance. This study aims to analyze and explained the causality of the current account balance with macroeconomic variables using the VAR (Vector Autoregression) approach. The data in this study used time series from 2005 quarter 1 to 2015 quarter 4. The results showed that macroeconomic variables have no causality relationship with current account balance in Indonesia. The research recommended to the financial policy authority relates to fluctuation macroeconomic variables for a policy-making basis on the current account balance in Indonesia, because the current account balance is one of the parameters for the performance of a country's economy.
This study expands research to analyze green economy, separated energy consumption and environment to achieve sustainable development in selected countries in Asia Pacific during the period 2006-2020 by using two-stage least square. The contribution of this study is to consider the use of green economic growth, which studies are still limited in terms of energy consumption indicators that have a substitution effect. This study found that green economic growth increased due to an increase in fuel oil consumption and technological innovation, as well as decreased fuel oil consumption, carbon emission and militarization. Furthermore, biofuel oil consumption increased due to an increased in green economic growth, fuel oil consumption, carbon emission, real oil prices, foreign direct investment and trade openness. In addition, fuel oil consumption increased due to an increase in biofuel oil consumption and population, as well as a decrease in green economic growth, carbon emission and trade openness. Finally, carbon emission increases due to an increase in fuel oil consumption and poverty. The government should implement a green economy program policy to reduce fuel oil consumption and carbon emissions, as well as increase biofuel oil consumption in Asia Pacific.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.