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Journal : Ekonomikalia Journal of Economics

Unveiling the Carbon Footprint: Biomass vs. Geothermal Energy in Indonesia Idroes, Ghalieb Mutig; Syahnur, Sofyan; Majid, M. Shabri Abd; Idroes, Rinadi; Kusumo, Fitranto; Hardi, Irsan
Ekonomikalia Journal of Economics Vol. 1 No. 1 (2023): July 2023
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v1i1.47

Abstract

Global climate change, caused by greenhouse gases (GHGs) emissions, particularly carbon dioxide (CO2), has an enormous and unprecedented impact on our planet's ecosystem, development, and long-term sustainability. This study investigates the dynamic impact of biomass and geothermal energy on CO2 emissions in Indonesia from 2000 to 2020. Employing the Green Solow model with the approach of Fully-Modified Ordinary Least Squares (FMOLS), Dynamic Ordinary Least Squares (DOLS), Autoregressive Distributed Lag (ARDL) and Pairwise Granger causality test. The cointegration tests suggest the existence of a long-term equilibrium relationship between CO2 emissions, biomass, and geothermal energy. Empirical evidence reveals that although biomass and geothermal energy positively influence CO2 emissions, their overall impact is relatively low. This highlights the potential for these renewable energy sources to contribute to CO2 reduction and promote environmental sustainability. The Granger causality test confirms a causal relationship between CO2 emissions, biomass, and geothermal energy. Important policy recommendations for promoting sustainable energy practices in Indonesia involve investing in high-quality biomass and geothermal facilities to reduce emissions, implementing energy efficiency programs and fossil fuel conservation measures, and encouraging the use of electricity-based biomass and geothermal energy sources to reduce dependence on non-renewable fuels. These recommendations play a crucial role in achieving environmental and economic sustainability.
Provincial Real Economic Growth in Indonesia: Investigating Key Factors Through Spatial Analysis Muzzakar, Kahar; Syahnur, Sofyan; Abrar, Muhammad
Ekonomikalia Journal of Economics Vol. 1 No. 2 (2023): November 2023
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v1i2.66

Abstract

This study addresses the need to understand provincial real economic growth, as measured by gross regional domestic product (GRDP), by conducting a spatial analysis. The study focuses on the influential factors of physical investment, working labor force, social infrastructure relative to the head-count index of poverty, and human development index (HDI). Data from 34 provinces spanning eight years (2015-2022) were examined using geographically weighted panel regression with a fixed effect of provincial units and adaptive bisquare kernel function as spatial weights. The study identifies distinct spatial patterns in the variable impact on provincial real economic growth, forming groups based on influential factors. Physical investment and HDI significantly drive growth in most provinces. The working labor force strongly impacts Papua Island’s growth. Intriguingly, social infrastructure relative to the head-count index of poverty link to economic growth emerges in the central and eastern regions of Indonesia (Kalimantan, Sulawesi, Maluku, and Papua), highlighting its role in poverty reduction and inclusive growth. The findings highlight the importance of region-specific policies to optimize the potential of these variables and promote balanced economic growth across the province.
Analysis of the Influence of Investment and Labor on Poverty Levels Through the Growth of the Indonesian Manufacturing Industry Balqis, Riqah; Syahnur, Sofyan; Ernawati, Ernawati
Ekonomikalia Journal of Economics Vol. 2 No. 1 (2024): April 2024
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v2i1.134

Abstract

This study aims to eradicate poverty by utilizing the manufacturing industrial sector, which cannot be separated from the influence of investment value and labor absorption. The analysis methods used are multiple linear regression and Vector Autoregression (VAR). The study employs quarterly secondary data from 1999 to 2022. The results of the analysis show that labor and investment partially have a significant and positive effect on the growth of the manufacturing industry. Moreover, by using a bivariate causality test, this study proves the existence of a two-way causal relationship between the economic growth of the manufacturing industry and poverty. Additionally, the study also analyzed the response of the independent variable to the dependent variable using Impulse Response (IRF) and Variance Decomposition (VD). It can be concluded that the economic growth of the manufacturing industry responds negatively to poverty, and poverty responds negatively to the economic growth of the manufacturing industry until both reach a balance. The contribution made by each variable in forming the value of that variable is different from one another. The implementation of good governance is highly expected in efforts to eradicate poverty in Indonesia, one of which is through increasing the economic growth of the manufacturing industry and then creating useful programs to increase investment and employment.
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.
The Moderating Effect of Female Labor Force Participation on Economic Growth in ASEAN Ammara, Tiya Rana; Syahnur, Sofyan; Srinita, Srinita
Ekonomikalia Journal of Economics Vol. 3 No. 2 (2025): October 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v3i2.327

Abstract

Despite ASEAN’s rapid economic growth, persistent gender gaps in labor participation remained underexplored as determinants of regional development. This study aimed to analyze the effects of gross fixed capital formation, information and communication technology, human capital, labor, and female labor force participation on economic growth in eight ASEAN countries from 2000 to 2023. The Panel Autoregressive Distributed Lag (ARDL) method was employed. Additionally, this study examined the moderating effect of female labor force participation on labor's contribution to economic growth. The estimation results indicated that, in the long run, gross fixed capital formation positively affected economic growth, while information and communication technology and human capital showed positive and negative effects in different models. Labor had a negative and significant effect in the long run. The moderating effect of female labor force participation strengthened the impact of labor on economic growth. The findings of this study highlighted the importance of policies that enhanced human capital quality, developed workforce skills, increased digital literacy, and empowered women to promote sustainable economic growth in the ASEAN region.