Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Economic Development Analysis Journal

Macroeconomic, Institutional, and Energy Consumption on Economic Growth APEC Members Sarjiyanto, Sarjiyanto; Romadhoni, Latifah
Economics Development Analysis Journal Vol 12 No 4 (2023): Economics Development Analysis Journal
Publisher : Economics Development Department, Universitas Negeri Semarang, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/edaj.v12i4.74961

Abstract

Economic growth is a shared goal pursued by every country across various regions worldwide, including the member nations within the APEC organization. However, APEC member countries still encounter several economic challenges to achieve optimal economic growth. First, macroeconomic issues such as regulatory barriers limit both FDI inflows and trade. Furthermore, unemployment remains an unresolved issue. Second, based on the World Bank's average estimates, most APEC countries exhibit low institutional quality. This is due to corruption, weak law enforcement, and lack of government transparency. Third, there is the issue of limited energy supply and increased carbon emissions due to non-renewable energy consumption. This research aims to determine the influence of macroeconomics, institutional quality, and renewable energy consumption on the economic growth of APEC member countries. The analysis method for this research is PVECM regression. The data used is panel data from 2005-2019. The research results show that the variables FDI, Trade, Labor, REC, and IQ have long and short-term influences on the economic growth of APEC countries. Suggestions that can be given are to improve the quality of APEC country institutions because, as seen from the average indicator estimates by the World Bank, Most APEC countries have low institutional quality. This improvement is needed to make policies more effective and efficient. Each country is also expected to increase the amount of renewable energy consumption.
Co-Authors Abdul Kadir Adnan Effendi Ahmad, Ana Shohibul Manshur Al Ana Shohibul Ana Shohibul Manshur Al Ahmad Ana Shohibul Manshur Al Ahmad, Ana Shohibul Ariani, Ayu Oka Atmaji Atmaji Atmaji, Atmaji Atmaji, Atmaji Azizah, Fatna Roudhotul Bella Kusumawati Bhimo Rizky Samudro, Bhimo Rizky Bobur Sobirov Cahyaningrum, Adhilia Mega Dwi Prasetyani, Dwi Fauziyah, Nabila Firmandayu, Nilam Hadjar Safitri, Nur Malikah Haer, Jamhul Handayani Tri Septian Istiqomah, Suryadari Joko Suyono Joko Suyono Kumala, Sepviana Nur Kusumaningtyas, Reza Octavia Kusumawati, Bella Larasatie, Retno Latifah Romadhoni Libra Hari Inagurasi, Libra Hari Lilik Wahyudi Ma'Arif, Miftachul Maghrifani, Dila Maghrifani, Dila Manshur Al Ahmad, Ana Shohibul Marwoto, Irmawati Meisa Amanda Mulki, Yoganingtisas Aulia Mulyadi Mulyadi Mulyadi Mulyadi Mulyanto Mulyanto Noviani, Prasetyati Nurul Istiqomah Pattikawa, Tiara Vionadita Permatasari, Wulan Permatasari, Wulan Pram Suryanadi Reza Octavia Kusumaningtyas Risgiyanti Risgiyanti Risgiyanti Risgiyanti Risgiyanti, Risgiyanti Risgiyanti, Risgiyanti Romadhoni, Latifah Salma Nur Aini Saputra, Alamsyah Riyo Sarwoto Sarwoto SARWOTO SARWOTO Sarwoto Sarwoto, Sarwoto Sarwoto, Sarwoto Shohibul MA, Ana Shohibul, Ana Shohibul, Ana Sinto Sunaryo Sinto Sunaryo Sunaryo, Sinto Sunaryo, Sinto Suryadari Istiqomah Suryandari Istiqomah Suryanto Suryanto Suryanto Suryanto Suyono, Joko Suyono, Joko Tamaulina Br Sembiring Wahyudi, Lilik Wahyudi, Lilik Wardhana, Aditya Wisnu Wijaya, Nayla Khanza Yuniar, Riska Sasi