Jurnal Ecoment Global: Kajian Bisnis dan Manajemen
Vol. 4 No. 2 (2019): Edisi Agustus 2019

DAMPAK PEMBANGUNAN EKONOMI, PENGELUARAN RUMAH TANGGA, DAN KETERBUKAAN PERDAGANGAN TERHADAP KONSUMSI ENERGI FINAL DI INDONESIA

Cahyono, Bambang Priyo (Unknown)
Hakimah, Yusro (Unknown)



Article Info

Publish Date
19 Aug 2019

Abstract

This study investigates the impact of economic growth on three main development sectors, household final consumption expenditure, and trade openness towards the growth of final energy consumption in Indonesia using annual data for the period 1972-2016. We applied autoregressive distributed lag (ARDL) procedures which consist of stationarity test, cointegration test, as well as estimation the short-term and long-term relationships. The cointegration test revealed existence cointegrationrelationship among the variables in the model. In the short-term and long-term model, our results indicated that the growth of value-added in agriculture sector and industry sector, household final consumption expenditures, and trade openness in the short-term and long-term have a significant effect toward final energy consumption in Indonesia, while the growth of value-added in the service sector only given a short-term effect toward final energy consumption in Indonesia. Based on theseresults, it can be concluded that sustainable economic development in Indonesia needs to be accompanied by the development of new and renewable energy in order to fulfil domestic energy supply which is predicted to continue to increase rapidly in the future.Keyword : final energi consumption, economic development, household final consumption expenditure, trade openness, autoregressive distributed lag modelingJEL Classification : D1, E21, F14, O13, Q43.

Copyrights © 2019






Journal Info

Abbrev

EG

Publisher

Subject

Economics, Econometrics & Finance

Description

The Ecoment is intended to be the journal for publishing articles reporting the results of research on business and management. The Ecoment invites manuscripts in the areas of finance, international business, management strategy, marketing, economics, risk, accounting, and insurance. The Ecoment ...