Mitigating global warming has been a challenge, and policymakers are responding to this issue by strengthening the commitment to enhance the renewable energy target from 20 to 31 percent in 2025 for Malaysia. However, adopting renewable energy in stages based solely on microeconomic factors, such as the price of energy, is insufficient. Thus, it is essential to investigate the macroeconomic variables that influence the share of renewable energy in Malaysia. In detail, this study introduces selected macroeconomic indicators, including gross domestic investment, domestic investment, foreign direct investment, trade openness, urbanization, financial development, and carbon emissions level, and their impact on renewable energy in Malaysia. The study utilized ARDL (Auto-Regressive-Distributed Lag) estimation based on annual time series data spanning 50 years of observations, beginning in 1971 and ending in 2020. Long-run elasticities show that greater economic development and urbanization increase the proportion of renewable energy. In contrast, increased foreign investment, trade liberalization, and carbon emissions could reduce the use of these clean energies. This paper concludes with a policy recommendation that could assist the country in achieving its goal of implementing a low-carbon, renewable energy-focused state policy.
This study is based on the importance of economic learning based on Pancasila values and Article 33 of the Indonesian 1945 Constitution. Learning must be presented in accordance with the basic characteristics and values that exist in Indonesia. Tudang sipulung as a form of culture group communication is found in Indonesia, especially for the Bugis-Makassar ethnic. Communication in the Tudang sipulung is a very important part of the role of the group meaning in the decision making process, the formation of attitudes, and human behavior in formulating a decision. There must be awareness and efforts to restore economic education in accordance with Indonesia's identity, namely the Pancasila economy. The purpose of this study is to identify problems and analyze the needs of economic learning and develop the design of Pancasila economic learning. This study uses a design-based research (DBR) method. The results of the study explained that: 1) Tudang sipulung give changes to the way of critical thinking, attitudes and actions of students. 2) The realization of interaction in the family and togetherness with the form of deliberation through the FGD setting on the Tudang sipulung.
This study was designed to uncover perceptions of 230 undergraduate students at a public university in Indonesia, concerning sustainable economic education issues in higher education settings. The results of this study suggested that the respondents held positive beliefs on the issue of sustainable economic education issues. Despite this, they voiced multifaceted perspectives on the refinement of economic teaching practices. This paper ends with suggestions for the stakeholders to improve the quality of classroom teachings which corresponds to the age of industry 4.0.
Indigenous people with local culture in their daily activities involve social and economic life. This study aims to identify local values in Baharit culture among traditional communities as a source of learning economic subjects in sustainable development. This study uses a qualitative descriptive method with a case study approach. The research was conducted on the diamond mining community in Cempaka District, Banjarbaru City, South Kalimantan, Indonesia. Data was obtained using interviews and observations. Data analysis using the Miles and Huberman model includes data reduction, data presentation, and concluding. The results showed that local values in the Baharit culture include maximising the use of resources for production activities, maintaining good relations between group members, maintaining good relations with non-group parties, and minimising risks in production. In addition, all values in Baharit culture can be used as learning resources for the scarcity of economic subjects, decision making, allocation, and entrepreneurship.
Purpose of the study: This paper is intended to understand the investment pattern for formal workers in Indonesia. Thus, it is also aimed to provide a specific form of variable construction of productive financial management for workers. Methodology: This study followed qualitative research by emphasizing the active interaction of the subject and the object of researchers in the form of a discussion to determine the ideas or basic reference model of productive financial management, specifically and focus on each individual form in which the organization is located. The data were gathered using in-depth interviews with respondents in the category of civil servants, state-owned and private employees with lower, middle, and upper-level segregation of interests and reasons for making investment decisions. Main Findings: The findings showed that the investment decision making for formal sector workers are motivated by benefits and financial security in the future. Their investment decision also considers the income received by individuals in each type of institution. Lastly, technology contributes to change investors’ economic behaviour. The ease of getting information strengthens the motivation of formal sector workers in productive financial management. Applications of this study: This study provides an investment decision model for formal workers that can be considered ways to enhance the individual understanding of investment. Novelty/Originality of this study: This study aims to contribute to this growing area of research by exploring investment patterns for formal workers then propose a financial management model for workers.
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