The Unsustainable Path: Assessing Indonesia’s Reliance on Fossil Energy in Economic Growth
Indonesia is the most energy-intensive country in Southeast Asia. Indonesia's energy consumption reaches 40 percent of the total energy consumption in the Southeast Asian region. This study aims to analyze the relationship between economic growth and energy consumption in Indonesia in 2000-202...
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| Format: | Article |
| Language: | English |
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EconJournals
2024-03-01
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| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | https://www.econjournals.com/index.php/ijeep/article/view/15358 |
| _version_ | 1797260738410053632 |
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| author | Sukanto Sukanto Azwardi Azwardi Hamira Hamira Dirta Pratama Atiyatna |
| author_facet | Sukanto Sukanto Azwardi Azwardi Hamira Hamira Dirta Pratama Atiyatna |
| author_sort | Sukanto Sukanto |
| collection | DOAJ |
| description |
Indonesia is the most energy-intensive country in Southeast Asia. Indonesia's energy consumption reaches 40 percent of the total energy consumption in the Southeast Asian region. This study aims to analyze the relationship between economic growth and energy consumption in Indonesia in 2000-2021. The variables used are oil and gas GDP, energy consumption, global price, net exports and imports, foreign investment, and domestic investment. The data used is obtained from macroeconomic data and requires stationarity testing. This study uses a quantitative research type to assess energy consumption and its relationship with oil and gas GDP in Indonesia with the Auto-Regressive Distributed Lag (ARDL) Model Approach. The results of this study indicate that increasing development and dynamic economic growth will be accompanied by increasing energy demand. The conclusion of this study is that the ARDL model estimation results show significant differences in the influence of variables on oil and gas GDP in Indonesia in the short and long term.
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| first_indexed | 2024-04-24T23:30:06Z |
| format | Article |
| id | doaj.art-40251bb6ff8045d88668a1ff398823cb |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-04-24T23:30:06Z |
| publishDate | 2024-03-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-40251bb6ff8045d88668a1ff398823cb2024-03-15T14:45:53ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532024-03-0114210.32479/ijeep.15358The Unsustainable Path: Assessing Indonesia’s Reliance on Fossil Energy in Economic GrowthSukanto Sukanto0Azwardi Azwardi1Hamira Hamira2Dirta Pratama Atiyatna3Department of Development Economics, Faculty of Economics, Sriwijaya University, IndonesiaDepartment of Development Economics, Faculty of Economics, Sriwijaya University, IndonesiaDepartment of Development Economics, Faculty of Economics, Sriwijaya University, IndonesiaDepartment of Development Economics, Faculty of Economics, Sriwijaya University, Indonesia Indonesia is the most energy-intensive country in Southeast Asia. Indonesia's energy consumption reaches 40 percent of the total energy consumption in the Southeast Asian region. This study aims to analyze the relationship between economic growth and energy consumption in Indonesia in 2000-2021. The variables used are oil and gas GDP, energy consumption, global price, net exports and imports, foreign investment, and domestic investment. The data used is obtained from macroeconomic data and requires stationarity testing. This study uses a quantitative research type to assess energy consumption and its relationship with oil and gas GDP in Indonesia with the Auto-Regressive Distributed Lag (ARDL) Model Approach. The results of this study indicate that increasing development and dynamic economic growth will be accompanied by increasing energy demand. The conclusion of this study is that the ARDL model estimation results show significant differences in the influence of variables on oil and gas GDP in Indonesia in the short and long term. https://www.econjournals.com/index.php/ijeep/article/view/15358Energy Consumption, Oil and Gas GDP, Global Price, Net Export, Investment |
| spellingShingle | Sukanto Sukanto Azwardi Azwardi Hamira Hamira Dirta Pratama Atiyatna The Unsustainable Path: Assessing Indonesia’s Reliance on Fossil Energy in Economic Growth International Journal of Energy Economics and Policy Energy Consumption, Oil and Gas GDP, Global Price, Net Export, Investment |
| title | The Unsustainable Path: Assessing Indonesia’s Reliance on Fossil Energy in Economic Growth |
| title_full | The Unsustainable Path: Assessing Indonesia’s Reliance on Fossil Energy in Economic Growth |
| title_fullStr | The Unsustainable Path: Assessing Indonesia’s Reliance on Fossil Energy in Economic Growth |
| title_full_unstemmed | The Unsustainable Path: Assessing Indonesia’s Reliance on Fossil Energy in Economic Growth |
| title_short | The Unsustainable Path: Assessing Indonesia’s Reliance on Fossil Energy in Economic Growth |
| title_sort | unsustainable path assessing indonesia s reliance on fossil energy in economic growth |
| topic | Energy Consumption, Oil and Gas GDP, Global Price, Net Export, Investment |
| url | https://www.econjournals.com/index.php/ijeep/article/view/15358 |
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