The Impact of Renewable Energy Consumption on the Economic Growth of the ASEAN Countries

Sri Fadilah, Rini Lestari, Mohd Hadafi Sahdan and Ahmad Zamil Abdul Khalid
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Sri Fadilah: Departement of Accounting, Faculty of Economic and Business, Universitas Islam Bandung, Indonesia
Rini Lestari: Departement of Accounting, Faculty of Economic and Business, Universitas Islam Bandung, Indonesia
Ahmad Zamil Abdul Khalid: School of Languages, Civilization and Philoshophy, Universiti Utara Malaysia, Malaysia.

International Journal of Energy Economics and Policy, 2020, vol. 10, issue 6, 602-608

Abstract: The foremost purpose of the study is to explore the impact of renewable energy consumption (REC) on the economic growth of ASEAN countries. Data were extracted from the World Bank and ASEAN Energy Information Administration (EIA). The Generalized Method of Moments (GMM) approach has been used by using the STATA software for the analysis. The results unprotected that the REC and non-renewable energy consumption (NREC), growth in labor force and capital stock has positive nexus with the economy growth of the ASEAN countries. These findings provide the guidelines to the regulators that they should make the policies for the REC and NREC that increase the economy growth of the world.

Keywords: Economy Growth; Renewable Energy; Non-renewable Energy; Growth of Capital; Growth of Labor Force; ASEAN countries (search for similar items in EconPapers)
JEL-codes: N7 Q1 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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