International Journal of Energy Economics and Policy (Jan 2024)

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

  • Toto Gunarto,
  • Ukhti Ciptawaty,
  • Dedy Yuliawan,
  • Ahmad Mahyudin,
  • Ahmad Dhea Pratama,
  • Heru Wahyudi

DOI
https://doi.org/10.32479/ijeep.14871
Journal volume & issue
Vol. 14, no. 1

Abstract

Read online

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.

Keywords