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Sustainable Development in ASEAN-5: Renewable Energy, Natural Resources Rent and Economic Globalization Geubrina, Yulia; Aliasuddin, Aliasuddin; Abrar, Muhammad; Masbar, Raja; Saputra, Jumadil
International Journal of Business, Economics & Financial Studies Vol. 2 No. 2 (2024): November 2024
Publisher : Indonesia Academia Research Society

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62157/ijbefs.v2i2.44

Abstract

Sustainable development has emerged as a critical global concern, particularly in the context of energy consumption and environmental quality. In Southeast Asia, the heavy reliance on fossil fuels, especially oil, poses significant challenges to achieving sustainability goals. This study investigates the impact of renewable energy consumption, natural resource rents, and economic globalization on the Sustainable Development Index (SDI). Using panel data from five ASEAN countries—Indonesia, Malaysia, Thailand, Singapore, and the Philippines—from 2000 to 2020, the analysis applies panel quantile regression to explore the relationships among the variables. The findings reveal that renewable energy consumption and economic globalization contribute positively to the Sustainable Development Index, whereas natural resource rents exhibit a negative impact. A distinctive aspect of this research is its use of the Sustainable Development Index as a metric, offering a novel approach not extensively employed in prior studies. The insights derived from this study can inform the development of policies promoting sustainable development, particularly through adopting renewable energy and managing economic globalization. Additionally, the findings underscore the need to address the adverse effects of natural resource exploitation to enhance regional sustainability outcomes.
Examining the Causal Relationship between Inflation and Unemployment in Indonesia Angga, Binanga; Aliasuddin, Aliasuddin; Abrar, Muhammad; Masbar, Raja; Saputra, Jumadil
International Journal of Business, Economics & Financial Studies Vol. 2 No. 2 (2024): November 2024
Publisher : Indonesia Academia Research Society

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62157/ijbefs.v2i2.45

Abstract

Inflation and unemployment are significant challenges faced by both developing and developed countries. This study analyzes the causal relationship between inflation, as measured by the Gross Domestic Product (GDP) Deflator, and open unemployment in Indonesia. Using a Vector Autoregressive (VAR) panel model, the analysis is based on panel data from 34 provinces from the first semester of 2015 to the second semester of 2022. The results of statistical tests indicate a unidirectional causality, with inflation Granger-causing unemployment, but not vice versa. This finding is further supported by the Vector Autoregression estimates, where Lag 4 reveals that unemployment is primarily influenced by inflation, while inflation remains unaffected by unemployment. To address the issue of unemployment, policymakers should prioritize controlling inflation and keeping it within manageable limits, as reducing inflation could contribute to improved unemployment rates. Future research should explore the relationship between inflation and unemployment through qualitative interviews with individuals who have experienced both issues to understand their daily impacts better.
Analysis Of Tourism Stakeholders’ Willingness To Pay For Environmental Conservation: A Case Study Of Pulau Weh Nature Tourism Park Ridwan, Amanda; Aliasuddin, Aliasuddin; Ramadhani, Farhan
AJIRSS: Asian Journal of Innovative Research in Social Science Vol. 5 No. 1 (2026): AJIRSS: Asian Journal of Innovative Research in Social Science
Publisher : DAS Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53866/ajirss.v5i1.1271

Abstract

This study examines the willingness to pay among tourism operators for environmental conservation within Pulau Weh Nature Tourism Park and delineates the factors influencing this willingness. A quantitative methodology was employed, utilizing structured interviews via questionnaires administered to 48 tourism operators, including tour guides, dive operators, hotel and guesthouse proprietors, as well as restaurant and café owners in Iboih Village. Stratified random sampling was employed to select participants from a population of 148 tourism operators.