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The Role of Economic Growth in Moderating the Impact of Energy Consumption on Carbon Emissions in ASEAN-5 Sahputra, Krishna; Syahnur, Sofyan; Silvia, Vivi
Ekonomikalia Journal of Economics Vol. 3 No. 1 (2025): April 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v3i1.242

Abstract

The ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand) have experienced rapid economic growth, leading to increased energy consumption and carbon emissions. While economic expansion initially increases emissions, it can also facilitate the adoption of cleaner energy sources. This study investigates the moderating role of economic growth in the impact of energy consumption on carbon emissions using panel data from 2001 to 2022. The Autoregressive Distributed Lag (ARDL) method was employed due to its capacity to analyze both short- and long-term relationships. The results from the ARDL analysis reveal that the consumption of non-renewable energy substantially elevates carbon emissions in both the short and long term. In contrast, the influence of renewable energy consumption on emissions is positive only in the long term. Additionally, non-renewable energy consumption exerts a positive effect on CO2 emissions, which is moderated by both economic growth and the square of economic growth. Conversely, renewable energy consumption contributes negatively to CO2 emissions, similarly moderated by economic growth and its square. These findings correspond with the Environmental Kuznets Curve (EKC) theory, which posits that emissions initially rise alongside economic development, only to subsequently decrease as economies shift towards more sustainable technologies. Therefore, policymakers are advised to implement robust environmental regulations, invest in renewable energy initiatives, and promote sustainable economic practices to achieve long-term carbon reduction goals. Moreover, governments should enforce stricter policies on fossil fuel consumption and raise public awareness of environmental preservation.
ANALISIS DAMPAK PERISTIWA DIVESTITURE ANOUNCEMENT DAN FINANCIAL STATEMENT RESTATEMENT TERHADAP MARKET REACTION PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2010-2015 Sahputra, Krishna; Diantimala, Yossi
Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi Vol 3, No 4 (2018): November 2018
Publisher : Accounting Departement Economics and Business Faculty Syiah Kuala University

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Abstract

The purpose of this research is to analyze the impact of divestiture announcement and financial statement restatement events upon market reactin abnormal return in company which registered at Indonesia Stock Exchange from 2010 until 2015 using cumulative abnormal return during seven days before and after even. The type of data used in this research is secondary data which obtained from financial statements publishing by capital market reference center that existed in Indonesia Stock Exchange. The sample used in this research is study case with the total of the population is 539 companies. Method used in this research is purposive sampling which yielded 20 companies sample for divestiture announcement event and 15 companies sample for financial statement restatement event. Meanwhile, the examination of hypothesis used is event study method. The result of this research illustrate that divestiture announcement and financial statement restatement events did not give an impact upon market reaction. However, in case of considering each variable, there is a difference between before and after the occurrence of divestiture announcement and financial statement restatement events.