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Ekonomikalia Journal of Economics
Published by PT. Heca Sentra Analitika
ISSN : -     EISSN : 29885787     DOI : https://doi.org/10.60084/eje
Core Subject : Economy, Science, Social,
Economics, Econometrics & Finance Energy Environmental Science
Ekonomikalia Journal of Economics (EJE) stands as a distinguished global scholarly publication. It is dedicated to releasing original research articles and review papers of exceptional quality within the realm of economics. The primary aim of the journal is to foster cross-disciplinary research, facilitate the exchange of knowledge, and propel the advancement and implementation of pioneering approaches. EJE remains steadfast in its pursuit of excellence, significance, and influence, serving as an invaluable asset for researchers, professionals, and educators across the globe. Topics of this journal includes, but not limited to: microeconomics and macroeconomics, international economics, development economics, public economics, behavioral economics, econometrics, regional economics, monetary economics, islamic economics, energy economics, environmental economics, political economy
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekomomi dan Ekonometrika
Articles 5 Documents
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Search results for , issue "Vol. 3 No. 1 (2025): April 2025" : 5 Documents clear
The Role of Economic Growth in Moderating the Impact of Energy Consumption on Carbon Emissions in ASEAN-5 Sahputra, Krishna; Syahnur, Sofyan; Silvia, Vivi
Ekonomikalia Journal of Economics Vol. 3 No. 1 (2025): April 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v3i1.242

Abstract

The ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand) have experienced rapid economic growth, leading to increased energy consumption and carbon emissions. While economic expansion initially increases emissions, it can also facilitate the adoption of cleaner energy sources. This study investigates the moderating role of economic growth in the impact of energy consumption on carbon emissions using panel data from 2001 to 2022. The Autoregressive Distributed Lag (ARDL) method was employed due to its capacity to analyze both short- and long-term relationships. The results from the ARDL analysis reveal that the consumption of non-renewable energy substantially elevates carbon emissions in both the short and long term. In contrast, the influence of renewable energy consumption on emissions is positive only in the long term. Additionally, non-renewable energy consumption exerts a positive effect on CO2 emissions, which is moderated by both economic growth and the square of economic growth. Conversely, renewable energy consumption contributes negatively to CO2 emissions, similarly moderated by economic growth and its square. These findings correspond with the Environmental Kuznets Curve (EKC) theory, which posits that emissions initially rise alongside economic development, only to subsequently decrease as economies shift towards more sustainable technologies. Therefore, policymakers are advised to implement robust environmental regulations, invest in renewable energy initiatives, and promote sustainable economic practices to achieve long-term carbon reduction goals. Moreover, governments should enforce stricter policies on fossil fuel consumption and raise public awareness of environmental preservation.
Innovation and Carbon Emissions: A Southeast Asian Perspective Hardi, Irsan; Çoban, Mustafa Necati; Fumey, Michael Provide
Ekonomikalia Journal of Economics Vol. 3 No. 1 (2025): April 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v3i1.275

Abstract

In an era where sustainable development is paramount, understanding the relationship between innovation and environmental impact has become increasingly critical. As Southeast Asian (SEA) economies strive to transition toward more knowledge-based and technology-driven growth, it is crucial to assess whether innovation fosters sustainability or exacerbates environmental degradation. This study examines the impact of the innovation ecosystem on CO2 emissions in selected SEA countries, utilizing various metrics from the Global Innovation Index (GII) grouped into five categories: institutions, human capital and research, infrastructure, market sophistication, and creative outputs. By employing Generalized Linear Models (GLMs) and conducting robustness checks with Robust Least Squares (RLS), the study reveals that all GII categories significantly impact CO2 emissions. However, the findings indicate that this impact is positive, meaning that the innovation landscape in SEA continues to contribute to rising CO2 emissions. The country-specific analysis also confirms that most of the GII categories are still not environmentally friendly. This evidence underscores the need for policymakers in SEA countries to prioritize the development of environmentally sustainable innovation frameworks that promote the adoption of inclusive green technologies and practices to mitigate the adverse effects of innovation on CO2 emissions.
CO2 Emissions in ASEAN-5: The Role of Labor, Investment, Inflation, Exchange Rate, and Economic Growth Lubis, Sanny F.; Silvia, Vivi; Dawood, Taufiq Carnegie
Ekonomikalia Journal of Economics Vol. 3 No. 1 (2025): April 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v3i1.279

Abstract

Labor and investment can raise emissions in the short term but may reduce them in the long term if energy efficiency improves. Inflation influences emissions through changes in energy prices and production costs. The exchange rate affects emissions by altering the cost of imported energy and green technologies. Economic growth generally increases emissions, especially in early development stages, as described by the Environmental Kuznets Curve (EKC) hypothesis. Given these linkages, this study examines the effects of labor, investment, inflation, exchange rate, and economic growth on CO2 emissions in ASEAN-5 countries. To ensure robust findings, the study uses the Autoregressive Distributed Lag (ARDL) model and applies Dynamic Ordinary Least Squares (DOLS) and Fully Modified Ordinary Least Squares (FMOLS) for dynamic estimations. Results show that labor, exchange rate, and economic growth do not significantly impact CO2 emissions in the short term. However, investment and inflation have significant positive effects, indicating they contribute to short-term emission increases. In the long term, labor, investment, and inflation significantly reduce emissions, while the exchange rate remains insignificant. Economic growth, however, significantly increases emissions over time. This suggests that without strong environmental policies, continued economic expansion may lead to higher emissions. Overall, the findings highlight that structural factors like investment and economic growth are crucial in shaping CO2 emissions. Policies such as carbon taxes or emissions trading systems can help internalize the environmental costs of emissions, encouraging a shift to cleaner energy and reducing fossil fuel dependence.
Do Natural Disasters, Fossil Fuels, and Renewable Energy Affect CO2 Emissions and the Ecological Footprint? Idroes, Ghalieb Mutig; Hilal, Iin Shabrina; Hafizah, Iffah; Hamaguchi, Yoshihiro; Bruyn, Chané de; Agustina, Maulidar; Pernici, Andreea; Stancu, Stelian
Ekonomikalia Journal of Economics Vol. 3 No. 1 (2025): April 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v3i1.285

Abstract

Climate change is a global concern driven by increasing pollution through rising CO2 emissions and growing ecological footprint from human activities. This research investigates how environmental quality (proxied by CO2 emissions and ecological footprint) in Indonesia is affected by multiple factors, including natural disasters, fossil fuels, renewable energy consumption, economic growth, and capital formation from 1965 to 2022. The analysis employs the Autoregressive Distributed Lag (ARDL) model, with robustness ensured using Dynamic Ordinary Least Squares (DOLS), followed by Granger causality tests to examine dynamic relationships between variables. The findings show that natural disasters, fossil fuel consumption, and economic growth contribute to increasing CO2 emissions in the long run, while renewable energy consumption helps reduce them. Natural disasters exhibit a negative but insignificant impact on the ecological footprint. Economic growth increases the ecological footprint, whereas capital formation helps reduce it in the long run. In the short run, fossil fuels are found to increase CO2 emissions, while renewable energy reduces them. Natural disasters are found to increase the ecological footprint. Additionally, the Granger causality test confirms a unidirectional relationship from both natural disasters and economic growth to environmental quality. This study recommends that Indonesia implement integrated strategies focused on accelerating green energy adoption and enhancing disaster resilience to achieve environmental quality.
General Equilibrium Model Applications in Energy Research: A Bibliometric Analysis Agustina, Maulidar; Thahira, Zia; Zikra, Naswatun; Amalina, Faizah; Afjal, Mohd; Idroes, Ghalieb Mutig
Ekonomikalia Journal of Economics Vol. 3 No. 1 (2025): April 2025
Publisher : Heca Sentra Analitika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60084/eje.v3i1.291

Abstract

This study investigates the scholarly landscape of General Equilibrium (GE) model applications within the field of energy research through a bibliometric lens. Utilizing a dataset of 864 journal articles indexed in Scopus from 1974 to 2022, the research maps publication trends, identifies leading contributors, and uncovers prevailing thematic clusters within the field. The analysis employs VOSviewer to visualize co-authorship networks, as well as institutional and country-level productivity, source relevance, and keyword co-occurrence patterns. Results reveal that China, the United States, and Japan are the most prolific countries, while Energy Policy and Energy Economics emerge as the most influential journals. Among the authors, Masui T. stands out as the most productive, while Paganetti registers the highest number of citations, reflecting a significant scholarly impact over recent years. Keyword mapping highlights dominant research themes centered on "computable general equilibrium analysis," "computable general equilibrium model," and "emission control," reflecting the field’s alignment with climate-related energy policy evaluation. This bibliometric overview not only provides a structured understanding of intellectual developments in GE-energy research but also identifies underexplored areas that warrant further investigation—particularly the integration of GE models with renewable energy transitions in developing economies and the incorporation of behavioral and distributional dimensions within energy policy assessments. The study contributes to the advancement of interdisciplinary dialogue by informing future research directions and supporting evidence-based policymaking in the energy-climate nexus.

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