The Energy-Economic Growth Nexus in Indonesia

N. Osman, Andhyka Tyaz Nughara
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引用次数: 7

Abstract

The aim of this study is to investigate the causal relationship between final energy consumption and economic growth for three main development sectors in Indonesia. In this study, we consider final energy consumption as energy indicator and the value added of development sectors as economic indicator. We use annual data from 1971 to 2014 and collected data from international energy agency and the world development indicator. We use Autoregressive distributed lag (ARDL) technique for cointegration and granger causality approach to explore direction of causality between the variables. We found a bidirectional relationship between energy and economic growth in the industrial sector in the long-run and in services sector in the short-run. Furthermore, we found a unidirectional relationship from economic growth to energy consumption in the services sector in the long-term and in the agriculture sector in the short and long terms. Based on these results, we concluded that economic growth is significantly influenced by final energy consumption on three development sectors in Indonesia, especially in the long-term. However, this study only focus on exploring energy-economic growth nexus on three development sectors in Indonesia and provide specific information for the policy makers on the three sectors in Indonesia. This study provides a new approach in terms of exploring energy-economic growth nexus in a single country and assess that energy-economic growth nexus in a single country should consider situations and conditions in each development sector.
印尼的能源-经济增长关系
本研究的目的是调查印尼三个主要发展部门的最终能源消耗与经济增长之间的因果关系。在本研究中,我们将最终能源消耗作为能源指标,将发展部门增加值作为经济指标。我们使用1971年至2014年的年度数据,并收集了国际能源机构和世界发展指标的数据。我们使用自回归分布滞后(ARDL)技术进行协整和格兰杰因果关系方法来探索变量之间的因果关系方向。我们发现能源与经济增长之间存在双向关系,工业部门长期如此,服务业短期如此。此外,我们还发现经济增长与能源消耗之间存在单向关系,服务业长期如此,农业部门短期和长期如此。基于这些结果,我们得出结论,印度尼西亚三个发展部门的经济增长受到最终能源消耗的显著影响,特别是在长期内。然而,本研究仅侧重于探索印尼三个发展部门的能源经济增长关系,并为决策者提供有关印尼三个发展部门的具体信息。本研究提供了一种探索单个国家能源-经济增长关系的新方法,并评估单个国家能源-经济增长关系应考虑到每个发展部门的情况和条件。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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