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Does energy transition matter to sustainable development in ASEAN? Mu'min, M. Silahul; Yaqin, Misbahol; Anam, Muhammad Syariful
International Journal of Renewable Energy Development Vol 13, No 2 (2024): March 2024
Publisher : Center of Biomass & Renewable Energy (CBIORE)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61435/ijred.2024.59544

Abstract

The energy transition towards renewable sources represents a pivotal factor in pursuing sustainable development. This study reviews the impact of renewable energy on three aspects of sustainable development, namely economic, social, and environmental aspects in ASEAN. To quantify these aspects, GDP per capita proxies for the economic dimension, unemployment rates for the social dimension, and CO2 emissions for the environmental dimension. The data used is panel data of 10 ASEAN countries from 1996-2020. Pooled Mean Group (PMG) estimation technique is applied to identify the relationship between renewable energy and the dimensions of sustainable development. The study results reveal that renewable energy has a significant influence on sustainable development in the long run. Specifically, renewable energy is able to stimulate GDP per capita levels, thus potentially serving as a determinant of sustainable economic growth in ASEAN. Furthermore, the findings of this study suggest that renewable energy has the capacity to reduce CO2 emissions in the long run. Efforts to increase the share of renewable energy usage are needed to mitigate the risk of environmental degradation. However, it is noteworthy that our study underscores the adverse impact of the energy transition on the social dimension, as it can potentially drive-up unemployment rates in the long run. This impact can be attributed to labor market relocations and structural changes. Novice workers in the renewable energy sector may face the risk of displacement. Consequently, this study has implications that underscore the need for inclusive approaches to elevate the usage of renewable energy. Furthermore, a well-structured policy framework is needed to encourage more investments and prepare the competent workforce in the renewable energy sector.
Identifikasi Peran Sektor Unggulan Terhadap Pertumbuhan Inklusif : Studi Empiris dari Provinsi Kepulauan Riau Mu'min, M. Silahul; Yaqin, Misbahol
Jurnal Archipelago Vol 3 No 01 (2024): Jurnal Archipelago
Publisher : Badan Perencanaan, Penelitian dan Pengembangan Pemerintah Provinsi Kepulauan Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69853/ja.v3i01.105

Abstract

Over the last decade, the Riau Islands Province has demonstrated strong economic growth resilience, driven by three leading sectors: Manufacturing Industry, Construction, and Mining and Quarrying. However, this growth has not inclusively addressed socio-economic issues such as poverty, inequality, and unemployment. This study aims to identify the impacts of these key sectors on inclusive growth in the Riau Islands through panel data regression. Additionally, this study calculates the index of inclusive growth using the Poverty Equivalent Growth Rate (PEGR) method. The results indicate that overall, economic inclusivity levels have not been achieved by districts/cities in the Riau Islands Province during 2015-2022, particularly in the lowest inclusive region of the Anambas Islands. Furthermore, the estimated fixed effects model shows that the Manufacturing Industry, Construction, and Mining and Quarrying sectors have a positive and significant influence on inclusive growth in the Riau Islands Province, underscoring the importance of harnessing sectoral potential to achieve inclusive economic growth.
Harga Energi dan Tingkat Kemiskinan di Indonesia Yaqin, Misbahol; Mu'min, M. Silahul; Wardhono, Adhitya; Qori'ah, Ciplis Gema
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 12 No 3 (2023): December
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v12i3.465

Abstract

Studi ini menguji dampak kenaikan harga energi terhadap kemiskinan di Indonesia. Konsep kemiskinan meliputi kemiskinan agregat, perdesaan dan perkotaan, wilayah, serta periode sebelum dan selama pandemi Covid-19. Studi menggunakan data panel 34 provinsi pada periode 2013 hingga 2022. Metode estimasi yang digunakan adalah Generalized Method of Moment (GMM). Hasil estimasi menunjukkan bahwa kenaikan harga energi meningkatkan kemiskinan di Indonesia, baik dalam hal kemiskinan agregat maupun kemiskinan pedesaan atau perkotaan. Pada aspek kewilayahan, ditemukan bahwa dampak dari kenaikan harga energi lebih besar pengaruhnya pada tingkat kemiskinan di Jawa dibandingkan luar Jawa. Bukti empiris menunjukkan bahwa dampak kenaikan harga energi lebih besar terhadap kemiskinan selama periode pandemi Covid-19 dibandingkan periode sebelum pandemi. Hasil ini mengimplikasikan bahwa Pemerintah perlu fokus pada stabilitasi harga energi melalui penciptaan ketahanan energi, terutama untuk energi baru dan terbarukan.
Digital Financial Inclusion and Implications for Developing Countries Economic Growth Yaqin, Misbahol; Safuan, Sugiharso
Journal of Developing Economies Vol. 8 No. 1 (2023)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v8i1.38361

Abstract

This study aims to develop a model to measure financial inclusion by incorporating the evolution of digital finance and identifying its relationship with GDP growth in emerging nations. Data used are from 51 developing countries in 2014 and 2017. Principal component analysis (PCA) was used to create the Digital Financial Inclusion Index. The fixed effects model (FEM) is used to estimate the association between the inclusion of digital finances and economic growth. According to the study, metrics of digital financial inclusion in emerging nations are in the middle. Compared to other research, the financial inclusion indicator in this study strengthens it. The study discovered that the inclusion of digital finance enhances GDP growth in developing nations after testing the influence of digital financial inclusion on GDP growth in developing countries.
Additional Measurement for Financial Inclusion Indexing and its Impact of Economic Growth in Selected ASEAN Countries Wardhono, Adhitya; Yaqin, Misbahol; Indrawati , Yulia; Nasir, M. Abd.; Qori'ah, Ciplis Gema
JEJAK: Jurnal Ekonomi dan Kebijakan Vol. 17 No. 1 (2024): March 2024
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v17i1.2627

Abstract

Financial inclusion is an important strategy in economic development. This study aims to measure the level of financial inclusion and examine the effect on economic growth in Selected ASEAN Countries. Empirically, the study uses panel data in the form of annual data during the years 2005-2021. Some of the variables used are financial inclusion, GDP, inflation, and unemployment. The method used in this research is Panel Vector Autoregressive (PVAR). The results of the calculation of the financial inclusion index find that Indonesia's financial inclusion is in the middle category, Malaysia is in the high category, Thailand is in the high category and the Philippines is in a low category. IRF results from PVAR analysis show that financial inclusion has a positive influence on economic growth. This indicates that there is a need for incentives to encourage the growth of financial inclusion so that it is expected to accelerate the pace of economic growth.