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All Journal Economica: Journal of Economic and Economic Education
nisha selvia
Universitas PGRI Sumatera Barat, Scopus ID: 58511252100
Economics, Econometrics & Finance Education

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THE EFFECT OF ENERGY SUBSIDY AND THE NUMBER OF MOTOR VEHICLES ON ECONOMIC GROWTH IN INDONESIA nisha selvia
JURNAL ECONOMICA : Research of Economic And Economic Education Vol 14, No 1 (2025): Economica: Journal Of Economic And Economic Education
Publisher : Economic Education Faculty of Economics and Business Universitas PGRI Sumatera Barat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22202/economica.2025.v14.i1.10489

Abstract

This research aims to analyze the effect of energy subsidies and the number of motorized vehicles on economic growth in Indonesia. The research background stems from the increasing need for energy as a result of population growth, the number of motorized vehicles, and dependence on non-renewable fossil energy. The method used is a quantitative approach with multiple linear regression analysis techniques using secondary data processed with the help of the Eviews 10 and SPSS 21 applications. The research results show that both energy subsidies and the number of motorized vehicles have a positive influence on economic growth, but are not statistically significant. The R-square value of 0.203 indicates that 20.3% of the variation in economic growth can be explained by these two independent variables, while the rest is influenced by other factors. These findings indicate that to encourage higher economic growth, it is necessary to diversify the factors driving growth beyond energy and motor vehicle variables.
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