Energy Consumption and Economic Growth in Indonesia: Co-Integration and Causality Analysis

Primayesa, Elvina; Putra, Febriandi Prima

doi:10.1166/asl.2017.9307

Cited by 1 publication

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“…The outcome of this research is that the development of the economy does not support energy consumption and vice versa. Hence, this suggests that the government can take the conservation policies, regulations and the growth of the economy simultaneously (Primayesa and Putra, 2017). The representative of previous studies on the causal association amongst the variables related to the consumption of energy.…”

Section: Literature Review and Theoretical Frameworkmentioning

confidence: 95%

Energy Consumption and Economic Growth in Indonesia

Dat¹,

Hoang²,

Huyen³

et al. 2020

IJEEP

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The aim of following study was to examine the relationship between energy consumption and economic growth in Indonesia. This study has used quantitative research design for assessing the energy consumption and its link with economic growth in Indonesia for the period of 2000-2019. The independent variable in this study was energy consumption whereas; dependent variable was economic growth in Indonesia .The data is analysed through E-views using autoregressive distributed lag co-integration approach for long-run relationship, and long-run and short-run coefficients, Augmented Dickey Fuller and Johansen co-integration. The findings have revealed that economic growth and energy consumption has association with each other. Within the given historic data, energy consumption has the ability to predict economic growth in Indonesia. The research can be improved through increasing sample size, number of variables and countries for comparison. This study also provides the guideline to the polcymakers that they should develop the policies related to the energy consumption that enhance the economic growth of the country.

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Section: Literature Review and Theoretical Frameworkmentioning

confidence: 95%