Comparison of Energy Consumption to Economic Growth in Developing Asian and Developed Asian Countries


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Authors

  • Toto Gunarto Faculty of Economics and Business, University of Lampung, Indonesia
  • Ukhti Ciptawaty Faculty of Economics and Business, University of Lampung, Indonesia
  • Dedy Yuliawan Faculty of Economics and Business, University of Lampung, Indonesia
  • Ahmad Mahyudin Faculty of Economics and Business, University of Lampung, Indonesia
  • Ahmad Dhea Pratama Faculty of Economics and Business, University of Lampung, Indonesia
  • Heru Wahyudi Faculty of Economics and Business, University of Lampung, Indonesia

DOI:

https://doi.org/10.32479/ijeep.14871

Keywords:

Sustainable Energy, Economic Growth, Energy Consumption

Abstract

This study will analyze the comparative use of Economic Stability Comparisons from the Consumption of Fossil and New and Sustainable Energy: Developed and Developing Countries in Asia, including developing countries Indonesia, Malaysia and Thailand and developed countries Japan, the United Arab Emirates and South Korea. This study uses a panel cross-section/observation form of 6 Asian countries by taking the category of 3 developing countries and 3 developed countries. The time series takes the period 2005-2021, using the ordinary least squares (OLS) method. The results of a study of 3 developing Asian countries namely Indonesia, Malaysia and Thailand GDP Per Unit Energy Use and consumption of sustainable energy have a positive and significant influence and consumption of fossil energy has no effect on growth. In the equation model of 3 developed Asian countries, namely Japan, the United Arab Emirates and South Korea, GDP per Unit Energy Use has a positive and significant influence, sustainable energy consumption has no effect on economic growth, fossil energy consumption has a positive and significant influence in region 3 developed Asian countries during 2005-2021.

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Published

2024-01-15

How to Cite

Gunarto, T., Ciptawaty, U., Yuliawan, D., Mahyudin, A., Pratama, A. D., & Wahyudi, H. (2024). Comparison of Energy Consumption to Economic Growth in Developing Asian and Developed Asian Countries. International Journal of Energy Economics and Policy, 14(1), 264–271. https://doi.org/10.32479/ijeep.14871

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