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Kenedi Kenedi
Economics Study Program, Faculty of Economics and Business, Universitas Bina Bangsa, Indonesia
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Social Sciences

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The Impact of Renewable Energy Consumption on Economic Growth in Seven ASEAN Countries Mulyani Mulyani; Asep Munir Hidayat; Billy Tejaarief; Kenedi Kenedi; Anti Wulan Agustini
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 5 No. 1 (2025): DECEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v5i1.1920

Abstract

Renewable energy has become a global priority to reduce fossil fuel dependence and environmental impact. Seven ASEAN countries (Indonesia, Malaysia, Thailand, Vietnam, Philippines, Singapore, Cambodia) face significant challenges in maintaining energy stability while promoting sustainable development. This study analyzes the direct effects of Renewable Energy Consumption, Electricity Consumption, and Trade on Economic Growth from 2014 to 2023 in seven ASEAN countries. Secondary data analysis using a quantitative approach was employed. The sample consisted of seven countries selected through purposive sampling. Panel data analysis was conducted using Eviews10 program. The F-statistic value of 568.6365 exceeded the F-table value of 3.13 at 95% confidence level, rejecting the null hypothesis. Collectively, Renewable Energy Consumption, Electricity Consumption, and Trade significantly influence Economic Growth. Country-specific analysis revealed that renewable energy consumption affects economic growth across all countries, electricity consumption significantly influences growth in Cambodia and Vietnam, while trade contributes to economic growth in Malaysia and Vietnam. The findings demonstrate that energy transition and regional economic integration play crucial roles in supporting long-term economic growth in the ASEAN region. Each country exhibits varying responses to different energy and trade factors, indicating the need for tailored sustainable development approaches. 
Causality Analysis of Economic Growth, Inflation, and Interest Rates on the Jakarta Composite Index (JCI) in Indonesia: An ARDL Approach Meisya Diazzahra Putri Basudewa; Asep Munir Hidayat; Billy Tejaarief; Kenedi Kenedi; Anti Wulan Agustini
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 5 No. 1 (2025): DECEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v5i1.1925

Abstract

One important indicator of Indonesia's economic condition is the Jakarta Composite Index (JCI). As the measure of all listed stocks, its movement directly reflects economic stability and investor confidence. The JCI is, however, highly susceptible to both global and domestic macroeconomic pressures, making its relationship with key fundamentals, such as economic growth, inflation, and interest rates. The purpose of this study is to analyze the short-term and long-term impacts of inflation, interest rates, and economic growth on the JCI. This study uses the Autoregressive Distributed Lag (ARDL) model on time series data using secondary data and quantitative correlation techniques. The results show that although economic growth has no short-term impact on the JCI, it does have a significant long-term impact. On the other hand, neither inflation nor interest rates have a significant impact on the JCI in the short or long term. An adjustment rate of 50.49% was achieved using an error correction mechanism, indicating a tendency towards long-term equilibrium. Additional causality analysis shows a unidirectional relationship between inflation and the JCI and between the JCI and economic growth. However, neither the JCI nor interest rates and economic growth have a reciprocal relationship on the JCI, and there is no causal relationship between the both.
The Effect of Economic Growth, Investment and Unemployment on Poverty in Sulawesi Island from 2010 to 2024 Desti Saputri; Asep Munir Hidayat; Billy Tejaarief; Kenedi Kenedi; Anti Wulan Agustini
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 5 No. 1 (2025): DECEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v5i1.1936

Abstract

Poverty remains an obstacle that continues to disrupt social welfare among communities on the island of Sulawesi. The objectives of this study are to determine the long-term effects of economic growth, investment and unemployment on poverty in Sulawesi Island; to examine the short-term effects in each province in Sulawesi Island; to determine whether there is an error correction adjustment mechanism; and to determine whether there is a causal relationship between economic growth and poverty. This study uses the Secondary Data Analysis (SDA) method with a quantitative correlational approach and uses the ARDL Panel analysis model. The study's outcomes reveal that economic growth, investment, and unemployment significantly reduce poverty across Sulawesi Island when examined over extended periods. Short-term provincial variations emerge as follows: North Sulawesi and Central Sulawesi experience positive effects from all three factors. In South Sulawesi and Southeast Sulawesi, economic growth and investment demonstrate negative effects, whereas unemployment shows positive effects. Gorontalo exhibits positive effects from economic growth and unemployment, though investment produces negative effects. West Sulawesi presents a mixed pattern, with economic growth reducing poverty while investment and unemployment increase it. Although error correction adjustments function across all provinces, only West Sulawesi demonstrates statistically significant adjustment processes. There is a causal relationship between economic growth and poverty.  Equitable economic growth and investment can certainly be felt by the poor, thus opening up opportunities to increase productivity, and vice versa. Meanwhile, unemployment certainly has a significant impact on poverty.
Analysis of the Impact of Unemployment Rates on Economic Growth in Java: The ARDL Panel Approach in Current Economic Dynamics Alfa Ramadhan; Asep Munir Hidayat; Billy Tejaarief; Kenedi Kenedi; Anti Wulan Agustini
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 5 No. 1 (2025): DECEMBER
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v5i1.1937

Abstract

Economic growth plays an important role in the development of a country and the welfare of its people. One indicator that influences economic growth is the unemployment rate, which can reduce productivity and cause social problems. This research aims to analyze the long-term and short-term effects of unemployment rate, investment, inflation, and Human Development Index (HDI) on economic growth in the provinces of Java Island, as well as to assess the long-term adjustment mechanism (Error Correction Term) in each region. This research uses secondary data analysis with a correlational quantitative approach. The research results show that in the long term, unemployment rate, investment, inflation, and HDI have a significant influence on economic growth. In the short term, the influence between variables differs across provinces: East Java shows significant influence from all variables, Central Java is influenced by unemployment rate, inflation, and HDI, while DKI Jakarta is influenced by unemployment rate and investment. Banten, West Java, and DIY do not show significant influence in the short term. The long-term adjustment mechanism (Error Correction Term) is significant in East Java, but not significant in other provinces. Based on these findings, it can be concluded that macroeconomic variables have different influences across regions in Java Island, with East Java as the province that is most consistent in achieving long-term economic growth stability. The results of this research provide important implications for the formulation of region-based economic policies that consider the differences in characteristics and economic responses across provinces.
Co-Authors Alfa Ramadhan Anti Wulan Agustini Asep Munir Hidayat Billy Tejaarief Desti Saputri Meisya Diazzahra Putri Basudewa Mulyani Mulyani