Muttaqin, Ecky Imamul
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The Commonalities of Socially Responsible Investment With Islamic Finance: A Bibliometric Analysis Muttaqin, Ecky Imamul
Muslim Business and Economics Review Vol. 3 No. 1 (2024)
Publisher : Universitas Islam Internasional Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56529/mber.v3i1.184

Abstract

This study aims to evaluate the number of overviews on the commonalities of socially responsible investment (SRI) with Islamic finance by providing critical thinking in terms of the investment screening process. The main critical reviews are obtained from the articles, paperwork, and previous related studies from reputable open access journals such as Emerald, SSRN databases, and other indexed-Scopus on the Web of Science. This study finds that the commonalities of socially responsible investment with Islamic finance has seemingly been characterized as a slow-moving but unstoppable works since global movements aspire to prevent a transgression of Earth's boundaries towards financial risks. Intertemporal choice accounts for how reliable constitutes for transitioning and adapting planetary boundaries in investment decisions. The challenge is to bridge the postulated gap on the commonalities of SRI with Islamic finance leading into social and financial return aspects in order to construct long-term predictions and scenarios embodying the Islamic finance concept through environmental, social and governance (ESG) approach.
Unveiling the dynamics of economic growth, carbon emissions, and energy consumption in Indonesia: a wavelet analysis model Muttaqin, Ecky Imamul; Primambudi, Ganjar; Darsono, Susilo Nur Aji Cokro
Jurnal Ekonomi & Studi Pembangunan Vol. 25 No. 2: October 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v25i2.23136

Abstract

Climate-related economic growth has been a major topic to current economic development issues. This study tries to examine the causal relationship between economic growth, carbon emissions, and energy consumption in Indonesia using annual data from 1978 to 2022. The data is taken from the World Bank and BP-Statistical Review of World Energy. This study employs wavelet analysis to investigate the complex, time-dependent links among economic growth, carbon emissions, and energy consumption in Indonesia, offering insights into their dynamic interactions across several temporal scales. Granger causality is applied to help uncover temporal relationships and their strength, while wavelet coherence reveals frequency-specific associations across different time scales. This includes analysing cross wavelet power and cross wavelet transform. The study provides a set of research findings, economic growth in Indonesia is still supported by carbon emissions and fuel energy consumption. It shows that fossil fuels continue to dominate the economic growth engine. The consumption of coal and oil is still the leading cause of carbon emissions. This study suggests that the government should enforce consistent regulations, promote collaboration among institutions, and engage public awareness to renewable energy sources. Allocating resources to green investments and incentivizing private industry through financial instruments like carbon trading and green bonds. It can stimulate economic growth while preserving the environment. Moreover, emphasizing the long-term benefits will help establish a sustainable framework for the transition to net-zero emissions.
Unveiling the dynamics of economic growth, carbon emissions, and energy consumption in Indonesia: a wavelet analysis model Muttaqin, Ecky Imamul; Primambudi, Ganjar; Darsono, Susilo Nur Aji Cokro
Jurnal Ekonomi & Studi Pembangunan Vol. 25 No. 2: October 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v25i2.23136

Abstract

Climate-related economic growth has been a major topic to current economic development issues. This study tries to examine the causal relationship between economic growth, carbon emissions, and energy consumption in Indonesia using annual data from 1978 to 2022. The data is taken from the World Bank and BP-Statistical Review of World Energy. This study employs wavelet analysis to investigate the complex, time-dependent links among economic growth, carbon emissions, and energy consumption in Indonesia, offering insights into their dynamic interactions across several temporal scales. Granger causality is applied to help uncover temporal relationships and their strength, while wavelet coherence reveals frequency-specific associations across different time scales. This includes analysing cross wavelet power and cross wavelet transform. The study provides a set of research findings, economic growth in Indonesia is still supported by carbon emissions and fuel energy consumption. It shows that fossil fuels continue to dominate the economic growth engine. The consumption of coal and oil is still the leading cause of carbon emissions. This study suggests that the government should enforce consistent regulations, promote collaboration among institutions, and engage public awareness to renewable energy sources. Allocating resources to green investments and incentivizing private industry through financial instruments like carbon trading and green bonds. It can stimulate economic growth while preserving the environment. Moreover, emphasizing the long-term benefits will help establish a sustainable framework for the transition to net-zero emissions.