Journal of Indonesian Applied Economics
Vol. 8 No. 1 (2020)

EVALUATION OF GREEN GDP MEASUREMENT IN INDONESIA USING GREY SYSTEM APPROACH

Andistya Oktaning Listra (BPKP Bengkulu)
Ferry Prasetyia (University of Brawijaya)



Article Info

Publish Date
01 Feb 2020

Abstract

The objective of the research was to apply Grey System Theory Type GM (1,1) on the forecast and evaluation of Indonesia’s Green GDP accounting which mainly deals with systems that have limited data and asymmetric information. The data used in this research is secondary data obtained from Sucofindo. The result of Grey System Theory Type GM (1,1) show that the Mean Percentage Error (MPE) and mean absolute percentage error (MAPE) value which showed bias conditions  and lack of accuracy. This result show that the status of natural resources and environmental condition in Indonesia which considered from its result still present the weakness of Indonesia’s Green GDP accounting. From that consideration, the reconstruction of Indonesia’s Green GDP accounting are needed by increasing of green economy efforts and policies

Copyrights © 2020






Journal Info

Abbrev

jiae

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Indonesian Applied Economics (JIAE) is an online journal sponsored by the Faculty of Economics and Bussiness, Universitas Brawijaya. The purpose of this journal is to enhance the study of economic issues on all aspects of applied economics and ...