International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC)
Vol. 3 No. 4 (2025): August

THE EFFECT OF RENEWABLE ENERGY CONSUMPTION AND ENERGY INTENSITY ON THE ECONOMY

Nurlaila Indah Sari (Unknown)
Toto Gunarto (Unknown)
Neli Aida (Unknown)



Article Info

Publish Date
20 Aug 2025

Abstract

This study aims to analyze the influence of Renewable Energy Consumption and Energy Intensity on the economy in ASEAN. The variables used in this study consisted of Renewable Energy Consumption (REC), Energy Intensity (EI), and Gross Fixed Capital Formation (GFCF). This research method uses panel data regression analysis with the Random Effect Model. Where cross-sectional data are 7 ASEAN member countries and time series data from 2010-2021. The results of the study show that all variables, namely REC, EI and GFCF, are all significant to GDP. REC with a coefficient of -6,921,893 and a significance of 0.0000 < 0.05 so that REC has a negative impact on GDP in ASEAN. EI has a coefficient of -76,701.51 and a significance of 0.0000 < 0.05 so that EI has a negative impact on GDP. Meanwhile, GFCF has a coefficient of 91,930.69 and a significance of 0.0000 < 0.05 so that GFCF has a positive impact on GDP. The R2 value of 0.6083 can be concluded that the variation of these independent variables contributes 60.83 percent in GDP. While the rest are influenced by other factors that are not described in the model.

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Journal Info

Abbrev

go

Publisher

Subject

Humanities Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice Social Sciences

Description

International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC) is an open access, peer-reviewed, and refereed journal published by PT. ZILLZELL MEDIA PRIMA. The main objective of IJAMESC is to provide an intellectual platform for the international scholars. IJAMESC aims to ...