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Said Muhammad
Faculty of Economics, Universitas Syiah Kuala, Banda Aceh
Economics, Econometrics & Finance

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Short-run and long-run effect of oil consumption on economic growth: ECM model Sofyan Syahnur; Endra Endra; Said Muhammad
Economic Journal of Emerging Markets Volume 6 Issue 1, 2014
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ejem.vol6.iss1.art4

Abstract

The aim of this study is to investigate the effect of oil consumption on economic growth of Aceh in the long-run and short-run by using Error Correction Model (ECM) model during the period before the world commodity prices fall of 1985–2008. Four types of oil consumption will be focused on Avtur, Gasoline, Kerosene and Diesel. The data is collected from Central Bureau of Statistics of Aceh (BPS Aceh). The result of this study shows a merely positive effect of oil consumption type diesel to economic growth in Aceh both in the short run and the long run.
Co-Authors Endra Endra Sofyan Syahnur