Determinants of renewable energy consumption in the Fifth Technology Revolutions: Evidence from ASEAN countries
This study aims to investigate the factors of renewable energy consumption in the fifth Technology Revolution with specific evidence from ASEAN countries. The study applies an autoregressive distributed lag (ARDL) approach. The paper also uses the unrestricted fixed and random panel data methods. Th...
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| Format: | Article |
| Language: | English |
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Elsevier
2024-03-01
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| Series: | Journal of Open Innovation: Technology, Market and Complexity |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2199853123002925 |
| _version_ | 1827289841617862656 |
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| author | Pham Xuan Hoa Vu Ngoc Xuan Nguyen Thi Phuong Thu |
| author_facet | Pham Xuan Hoa Vu Ngoc Xuan Nguyen Thi Phuong Thu |
| author_sort | Pham Xuan Hoa |
| collection | DOAJ |
| description | This study aims to investigate the factors of renewable energy consumption in the fifth Technology Revolution with specific evidence from ASEAN countries. The study applies an autoregressive distributed lag (ARDL) approach. The paper also uses the unrestricted fixed and random panel data methods. The manuscript identifies significant factors such as technological innovation, governmental policies, public awareness, electricity consumption, country population, foreign direct investment inflows, imports, exports, and economic growth that have influenced the renewable energy sector in these nations. This study also investigates the determinants that influence renewable energy in the context of international integration and the fifth technology revolution in ASEAN countries. The research analyzes data spanning two decades, from 2000 to 2022, through a combination of econometric modeling and machine learning techniques. Preliminary findings indicate that technological innovation, government policies, and public awareness significantly affect renewable energy consumption in these countries. The empirical results offer insights for policymakers and stakeholders in leveraging technological advancements for sustainable energy development. The findings from this study on the determinants of renewable consumption in the context of the Fifth Technology Revolution in ASEAN countries also have several important policy implications for the sustainable development goal. |
| first_indexed | 2024-03-09T01:28:37Z |
| format | Article |
| id | doaj.art-bf2be97e86124c3b8b6f85d22350bbdd |
| institution | Directory Open Access Journal |
| issn | 2199-8531 |
| language | English |
| last_indexed | 2024-04-24T11:56:52Z |
| publishDate | 2024-03-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Open Innovation: Technology, Market and Complexity |
| spelling | doaj.art-bf2be97e86124c3b8b6f85d22350bbdd2024-04-09T04:12:48ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312024-03-01101100190Determinants of renewable energy consumption in the Fifth Technology Revolutions: Evidence from ASEAN countriesPham Xuan Hoa0Vu Ngoc Xuan1Nguyen Thi Phuong Thu2Department of Public Finance, School of Banking and Finance, National Economics University, Viet NamDepartment of Microeconomics, Faculty of Economics, National Economics University, Viet Nam; Corresponding author.Department of Public Economics, Faculty of Development Economics, National Economics University, Viet NamThis study aims to investigate the factors of renewable energy consumption in the fifth Technology Revolution with specific evidence from ASEAN countries. The study applies an autoregressive distributed lag (ARDL) approach. The paper also uses the unrestricted fixed and random panel data methods. The manuscript identifies significant factors such as technological innovation, governmental policies, public awareness, electricity consumption, country population, foreign direct investment inflows, imports, exports, and economic growth that have influenced the renewable energy sector in these nations. This study also investigates the determinants that influence renewable energy in the context of international integration and the fifth technology revolution in ASEAN countries. The research analyzes data spanning two decades, from 2000 to 2022, through a combination of econometric modeling and machine learning techniques. Preliminary findings indicate that technological innovation, government policies, and public awareness significantly affect renewable energy consumption in these countries. The empirical results offer insights for policymakers and stakeholders in leveraging technological advancements for sustainable energy development. The findings from this study on the determinants of renewable consumption in the context of the Fifth Technology Revolution in ASEAN countries also have several important policy implications for the sustainable development goal.http://www.sciencedirect.com/science/article/pii/S2199853123002925Renewable energyFifth Technology RevolutionGovernment policiesPublic awareness |
| spellingShingle | Pham Xuan Hoa Vu Ngoc Xuan Nguyen Thi Phuong Thu Determinants of renewable energy consumption in the Fifth Technology Revolutions: Evidence from ASEAN countries Journal of Open Innovation: Technology, Market and Complexity Renewable energy Fifth Technology Revolution Government policies Public awareness |
| title | Determinants of renewable energy consumption in the Fifth Technology Revolutions: Evidence from ASEAN countries |
| title_full | Determinants of renewable energy consumption in the Fifth Technology Revolutions: Evidence from ASEAN countries |
| title_fullStr | Determinants of renewable energy consumption in the Fifth Technology Revolutions: Evidence from ASEAN countries |
| title_full_unstemmed | Determinants of renewable energy consumption in the Fifth Technology Revolutions: Evidence from ASEAN countries |
| title_short | Determinants of renewable energy consumption in the Fifth Technology Revolutions: Evidence from ASEAN countries |
| title_sort | determinants of renewable energy consumption in the fifth technology revolutions evidence from asean countries |
| topic | Renewable energy Fifth Technology Revolution Government policies Public awareness |
| url | http://www.sciencedirect.com/science/article/pii/S2199853123002925 |
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