JEJAK
Vol 16, No 2 (2023): September 2023

The Role of Fintech and Digital Transformation in Renewable Energy Growth in Indonesia

Irna Puji Lestari (Gadjah Mada University)
Galuh Tri Pambekti (State Islamic University of Sunan Kalijaga)



Article Info

Publish Date
31 Oct 2023

Abstract

Renewable energy is an alternative energy that can be used to increase economic growth and people's welfare while saving the earth. This study aims to identify the role of fintech and digital transformation as a long-term financing scenario for renewable energy growth, from both the production and consumption sector. This study uses time series data from January 2019 to September 2022 with a two-stage test. First, conducting the ARDL model estimation to find the nexus between fintech, digital transformation, and renewable energy in the short and long term. Secondly, a regression analysis was performed to capture themoderating effect of digital transformation which intermediates the influences of fintech on renewable energy. The findings conclude that fintech, digital transformation, and renewable energy have integrated relationships in the short and long term both in the production and consumption sectors. The finding also provides various recommendations for enhancing renewable energy growth, particularly through the use of accelerated fintech by digital transformation.

Copyrights © 2023






Journal Info

Abbrev

jejak

Publisher

Subject

Economics, Econometrics & Finance

Description

JEJAK: Jurnal Ekonomi dan Kebijakan p-ISSN 1979-715X | e-ISSN 2460-5123 is a scientific journal that contains the results of research and theoretical studies in the field of economic development, especially on matters of economic policy in Indonesia was published by the Department of Economic ...