Electricity Production, Energy Consumption and Capital Formation: Analyzing the Footprints in Indonesia

Pugu, Melyana R; Yani, Yanyan Mochamad; Dharmawan, Wawan B.; Wanggai, Velix V.

doi:10.32479/ijeep.10940

Cited by 1 publication

(1 citation statement)

References 27 publications

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“…Again, we can see similar findings in the study based on Balkan countries where the authors Mitić, Kostić [92] found that CO2 emissions and industrial fixed capital formation both have unidirectional causalities. The result from Pugu [93] suggested that electricity production and energy production in Indonesia are not affected by most measures of gross/fixed capital formation Adhikary [94] revealed that in Bangladesh, growth in real GDP is significantly influenced by FDI and capital formation. The author also stated that to enhance Bangladesh's economic growth rates, policymakers should formulate FDI-led policies and ensure higher levels of capital formation.…”

Section: Literature Reviewmentioning

confidence: 99%

An investigation of financial openness, trade openness, gross capital formation, urbanization, financial development, education and energy nexus in BRI: Evidence from the symmetric and asymmetric framework

Tan,

Qamruzzaman,

Karim

2023

PLoS ONE

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Clean energy development can bring numerous benefits, such as decreased greenhouse gas emissions, improved air quality, and increased job opportunities in the green industry. These advantages can be achieved through the collaborative efforts of all stakeholders involved. Ultimately, adopting clean energy can lead to a healthier planet and economy. Energy availability and scarcity influence the aggregated economy. The present study explores the interrelationships between financial openness, trade openness, gross capital formation, urbanization, financial development, education, and energy within the Belt and Road Initiative (BRI) nations. A panel of 56 nations has considered empirical investigation for 2002–2020. The coefficients extracted from CS-ARDL revealed a catalyst role of openness in the energy mix, especially the inclusion of clean energy both in the long run and short. The asymmetric evaluation revealed that positive negative shocks in openness lead to a positive association with energy consumption. Moreover, the asymmetric association was also exposed through the execution of a standard Wald test. The study findings show that FO, TO, and GCF are critical in energy sustainability in BRI nations. It implies that clean energy inclusion in the energy mix might be amplified, and energy sustainability may be ensured. The energy transition of Belt and Road Initiative (BRI) nations is significantly affected by financial, trade, and domestic capital adequacy. The success of sustainable energy policies is determined by several factors, which play a crucial role in countries participating in BRI projects; the findings provide insight into the complex interdependencies among the variables above and their effects on the energy dynamics within the BRI region. Furthermore, the research findings hold considerable significance for policymakers as they offer valuable insights into the possible synergies and trade-offs among these factors that can facilitate sustainable energy transitions in the BRI economies.

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Section: Literature Reviewmentioning

confidence: 99%