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

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

International Journal of Energy Economics and Policy, 2024, vol. 14, issue 1, 264-271

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.

Keywords: Sustainable Energy; Economic Growth; Energy Consumption (search for similar items in EconPapers)
JEL-codes: O1 O4 Q2 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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