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All Journal Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan GMPI Conference Series
Salleh, Norlida Hanim Mohd
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Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Physics Social Sciences

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Energy Consumption and Government Policy in Addressing the Rising Fuel Oil Prices Istiqomah, Nurul; Mafruhah, Izza; Wilyawati, Arieska Kurnia; Mayasari, Febi; Salleh, Norlida Hanim Mohd
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 25, No 1 (2024): JEP 2024
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v25i1.23102

Abstract

This study aims to determine the effect of economic growth, per capita income, world oil prices and the amount of subsidies on energy consumption in Indonesia both in the short and long term. As well as knowing the policies carried out by the government to overcome the increase in fuel prices. The data used is secondary data from 1972 - 2022 and analyzed using ECM Domowitz-El Badawi and Atlas.ti which is used to organize, explore and analyze data on policies made by the government to overcome rising fuel prices. The analysis shows that economic growth, per capita income and the size of subsidies have a long-run effect on energy consumption, while world oil prices have both a short and long-run effect on energy consumption. The reduction of subsidies that caused fuel prices to increase had both positive and negative effects on society, and the government made several policy efforts to overcome the turmoil that existed in the community. Among them are adjusting fuel prices and prices of other affected goods, limiting ownership of motorized vehicles, maintaining a stable supply of fuel in the long term and increasing supervision and enforcement in fuel abuse.
Overview of Socio-economic Indicators in Area Affected the 2004 Aceh Tsunami Post-Humanitarian Assistance: A Review of Increasing Economic Growth Towards Sustainable Environmental Development Wahyuningsih, Yayuk Eko; Saukani, Mohd Nasir Mohd; Salleh, Norlida Hanim Mohd
GMPI Conference Series Vol 3 (2024): The 10th Asian Academic Society International Conference (AASIC)
Publisher : Gemilang Maju Publikasi Ilmiah (GMPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53889/gmpics.v3.404

Abstract

This study aimed to analyze the overview of the impact of socio-economic indicators and the economy of areas exposed to the 2004 Aceh tsunami in the South-western region of Aceh Province, namely West Aceh district, Simeulue district, Nagan Raya district and Aceh Jaya district after five years humanitarian assistance on economic growth towards sustainable environmental development. The study used secondary data with panel data that was collected from Central Bureau of Statistics of Aceh Province and Bank Indonesia of Banda Aceh branch, each of which was obtained over a period of 13 years from 2010 to 2022. While multiple linear regression is employed as a quantitative method for data analysis. The study findings that indicate that indicator of socio, the poverty has a significant effect on economic growth each with a value 0,0782 with significance level of α = 10%.   Meanwhile, the economic indicator, namely inflation, haven’t a statistically significant impact of 0.6517 on economic growth at a significance level of α = 5% or α = 10%. The equation of this model is obtained EG = 0,6797+3,3654LnTP-0,0365INF+ε. Next, the correlation coefficient is 0.0652 and determination coefficient is 0,0271, with value of ttest 1,798836 for total poverty and 0,454205 for inflation as well as Ftest value is 1,709245. However, after the 2004 Aceh earthquake and tsunami disaster, poverty rates have been reduced, but only in the medium term (5-6 years) and currently the condition of the poor population is almost continuously improving. It’s recommended that the regional and Acehnese and central governments recommend various social programs to overcome poverty and also in terms of population. The long-term impact is economic growth continues to rise and facilitates the process of developing a sustainable environment so that it will be better in the future.
Co-Authors Mafruhah, Izza Mayasari, Febi Nurul Istiqomah Saukani, Mohd Nasir Mohd Wahyuningsih, Yayuk Eko Wilyawati, Arieska Kurnia