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

Authors

  • Bambang Priyo Cahyono Universitas Islam Attahiriyah, Jakarta
  • Yusro Hakimah Universitas Tridinanti, Palembang

DOI:

https://doi.org/10.35908/jeg.v4i2.751

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 cointegration
relationship 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 these
results, 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 modeling
JEL Classification : D1, E21, F14, O13, Q43.

Author Biographies

Bambang Priyo Cahyono, Universitas Islam Attahiriyah, Jakarta

Fakultas Ekonomi

Yusro Hakimah, Universitas Tridinanti, Palembang

Fakultas Teknik

References

Afzal, M., Ehsan, M., Butt, M. A. R., & Fatima, K. (2013). Openness, inflation, and growth relationship in Pakistan: An application of

ARDL bounds testing approach. Pakistan Economic and Social Review, 51(1), 13–53. Retrieved from http://pu.edu.pk/images/journal/pesr/PDFFILES/ 2 AFZAL Openness Inflation and Growth Relationships in

Pak_v51_no1_2013.pdf

Akaike, H. (1974). A New Look at the Statistical Model Identification. IEEE Transactions on Automatic Control, 19(6), 716–723. https://doi.org/10.1109/TAC.1974.1100705

Al-mulali, U. (2012). Factors affecting CO2 emission in the Middle East: A panel data analysis. Energy, 44(1), 564–569. https://doi.org/10.1016/j.energy.2012.05.045

Alam, M. M., Murad, M. W., Noman, A. H. M., & Ozturk, I. (2016). Relationships among carbon emissions, economic growth, energy

consumption and population growth: Testing Environmental Kuznets Curve hypothesis for Brazil, China, India and Indonesia. Ecological Indicators, 70, 466–479. https://doi.org/10.1016/j.ecolind.2016.06.043

Apergis, N., & Tang, C. F. (2013). Is the energyled growth hypothesis valid? New evidence from a sample of 85 countries. Energy Economics, 38, 24–31. https://doi.org/10.1016/j.eneco.2013.02.007

Aramcharoen, A., & Mativenga, P. T. (2014). Critical factors in energy demand modelling for CNC milling and impact of toolpath strategy. Journal of Cleaner Production, 78, 63–74. https://doi.org/10.1016/j.jclepro.2014.04.065

Aydin, E., & Brounen, D. (2019). The impact of policy on residential energy consumption. Energy, 169, 115–129. https://doi.org/10.1016/j.energy.2018.12.030

Azam, M., Khan, A. Q., Bakhtyar, B., & Emirullah, C. (2015a). The causal relationship between energy consumption and economic growth in the ASEAN-5 countries. Renewable and Sustainable Energy Reviews, 47, 732–745. https://doi.org/10.1016/j.rser.2015.03.023

Azam, M., Khan, A. Q., Zaman, K., & Ahmad, M. (2015b). Factors determining energy consumption: Evidence from Indonesia, Malaysia and Thailand. Renewable and Sustainable Energy Reviews, 42, 1123–1131. https://doi.org/10.1016/j.rser.2014.10.061

Bank Indonesia. (2018). Laporan Perekonomian Indonesia 2018. Retrieved from https://www.bi.go.id/id/publikasi/laporan tahunan/perekonomian Pages/LPI_2018.aspx

Bhattacharyya, S. C. (2011). Energy Economics: Concepts, Issues, Markets and Governance. Springer-Verlag London Limited 2011. https://doi.org/10.1007/978-0-85729-268-1

Brown, R. L., Durbin, J., & Evans, J. M. (1975). Techniques for Testing the Constancy of Regression Relationships Over Time. Journal of the Royal Statistical Society: Series B (Methodological), 37(2), 149–192.

https://doi.org/10.1111/j.2517- 6161.1975.tb01532.x

Chiou-Wei, S. Z., Chen, C. F., & Zhu, Z. (2008). Economic growth and energy consumption revisited - Evidence from linear and nonlinear Granger causality. Energy Economics, 30(6), 3063–3076. https://doi.org/10.1016/j.eneco.2008.02.002

Dickey, D. A., & Fuller, W. A. (1979). Distribution of the Estimators for Autoregressive Time Series With A Unit Root. Journal of the American Statistical Association, 74(336), 427–431.

Dutu, R. (2016). Challenges and policies in Indonesia’s energy sector. Energy Policy, 98, 513–519. https://doi.org/10.1016/j.enpol.2016.09.009

Hwang, J. H., & Yoo, S. H. (2014). Energy consumption, CO2 emissions, and economic growth: Evidence from Indonesia. Quality and Quantity, 48(1), 63–73. https://doi.org/10.1007/s11135-012-9749-5

International Energy Agency/IEA. (2019). IEA online data services. Retrieved fromhttp://wds.iea.org/wds/ReportFolders /ReportFolders.aspx?CS_referer=&CS_C hosenLang=en

Javid, M., & Sharif, F. (2016). Environmental Kuznets curve and fi nancial development in Pakistan. Renewable and Sustainable Energy Reviews, 54, 406–414. https://doi.org/10.1016/j.rser.2015.10.019

Mah, J. S. (2000). An empirical examination of the disaggregated import demand of Korea - The case of information technology products. Journal of Asian Economics, 11, 237–244. https://doi.org/10.1016/S1049-

(00)00053-1

Mahadevan, R., & Asafu-Adjaye, J. (2007). Energy consumption, economic growth and prices: A reassessment using panel VECM for developed and developing countries. Energy Policy, 35(4), 2481–2490. https://doi.org/10.1016/j.enpol.2006.08.019

Narayan, P. K. (2005). The saving and investment nexus for China: Evidence from cointegration tests. Applied Economics, 37(17), 1979–1990.

https://doi.org/10.1080/00036840500278103

Nugraha, A.T., & Osman, N. H. (2018). The environmental study on causality relationship among energy consumption, CO2 emissions, the value added of development sectors and household final consumption expenditure in Indonesia. Ekoloji, 27(106).

Nugraha, A.T., & Osman, N. H. (2019). CO2 emissions, economic growth, energy consumption, and household expenditure for Indonesia: Evidence from cointegration and vector error correction model. International Journal of Energy Economics and Policy, 9(1). https://doi.org/10.32479/ijeep.7295

Nugraha, A. T., & Osman, N. H. (2017). The energy-economic growth nexus in Indonesia. Journal of Business Management and Accounting, 7(2), 61–75.

Ozturk, I. (2010). A literature survey on energygrowth nexus. Energy Policy, 38(1), 340– 349. https://doi.org/10.1016/j.enpol.2009.09.024

Perron, P., & Phillips, P. C. B. (1988). Testing for a Unit Root in a Time Series Regression. Biometrika, 2(75), 335–346. https://doi.org/10.1080/07350015.1992.1050 9923

Pesaran, M. H., & Shin, Y. (1998). An Autoregressive Distributed-Lag Modelling Approach to Cointegration Analysis. Econometric Society Monographs, 31, 371–413. https://doi.org/10.1017/ccol0521633230.011

Pesaran, M. Hashem, Shin, Y., & Smith, R. J. (2001). Autoregressive Distributed Lag (ARDL) cointegration technique : application and interpretation. Journal of Statistical and Econometric Methods, 5(3), 63–91. https://doi.org/10.1002/jae.616

Saboori, B., & Sulaiman, J. (2013). CO2 emissions, energy consumption and economic growth in association of Southeast Asian Nations (ASEAN) countries: Acointegration approach. Energy, 55, 813–

https://doi.org/10.1016/j.energy.2013.04.038

Saez-Martinez, F. J., Modejar-Jimenez, J., & Modejar-Jimenez, J. A. (2015). The energy challenge : energy and Environment Knowledge Week E2KW 2013. Journal of Cleaner Production, 86, 471–473. https://doi.org/10.1016/j.jclepro.2014.08.044

Shahbaz, M., Hye, Q. M. A., Tiwari, A. K., & Leitão, N. C. (2013a). Economic growth, energy consumption, financial development,

international trade and CO2 emissions in Indonesia. Renewable and Sustainable Energy Reviews, 25, 109–121. https://doi.org/10.1016/j.rser.2013.04.009

Shahbaz, M., Khan, S., & Tahir, M. I. (2013b). The dynamic links between energy consumption, economic growth, financial development and trade in China: Fresh evidence from multivariate framework analysis. Energy

Economics, 40, 8–21. https://doi.org/10.1016/j.eneco.2013.06.006

Shahbaz, M., Loganathan, N., Sbia, R., & Afza, T. (2015). The effect of urbanization, affluence and trade openness on energy consumption:

A time series analysis in Malaysia. Renewable and Sustainable Energy Reviews, 47, 683–693. https://doi.org/10.1016/j.rser.2015.03.044

Sulaiman, J., Azman, A., & Saboori, B. (2013). The potential of renewable energy: Using the environmental kuznets curve model. American Journal of Environmental Sciences, 9(2), 103–112. https://doi.org/10.3844/ajessp.2013.103.112

Tiba, S., & Frikha, M. (2018). Income, trade openness and energy nteractions: Evidence from simultaneous equation modeling. Energy, 147, 799–811. https://doi.org/10.1016/j.energy.2018.01.013

Van Raaij, F. W., & Verhallen, T. M. M. (1983). a Behavioral Model of Residential Energy Use. Journal of Economic Psychology, 3, 39–63.

Verhallen, T. M. M., & Van Raaij, W. F. (1981). Household Behavior and the Use of Natural Gas for Home Heating. Journal of Consumer Research, 8(3), 253–257. https://doi.org/10.1086/208862

Wahid, I. N., Azlina, A. A., & Mustapa, N. H. N. (2013). Energy consumption, economic growth and CO2 emissions in selected

ASEAN countries. Prosiding Perkembangan Kebangsaan Ekonomi Malaysia Ke VIII 2013, 2, 758–765.

World Bank. (2018). World Development Indicators (online database). Retrieved from https://datacatalog.worldbank.org/dataset/world-development-indicators

Yildirim, E., Sukruoglu, D., & Aslan, A. (2014). Energy consumption and economic growth in the next 11 countries: The bootstrapped autoregressive metric causality approach. Energy Economics, 44, 14–21.

https://doi.org/10.1016/j.eneco.2014.03.010

Zachariadis, T. (2007). Exploring the relationship between energy use and economic growth with bivariate models: New evidence from G-7 countries. Energy Economics, 29(6), 1233–1253. https://doi.org/10.1016/j.eneco.2007.05.001

Downloads

Published

2019-08-19

How to Cite

Cahyono, B. P., & Hakimah, Y. (2019). DAMPAK PEMBANGUNAN EKONOMI, PENGELUARAN RUMAH TANGGA, DAN KETERBUKAAN PERDAGANGAN TERHADAP KONSUMSI ENERGI FINAL DI INDONESIA. Jurnal Ecoment Global, 4(2), 1–16. https://doi.org/10.35908/jeg.v4i2.751

Issue

Vol. 4 No. 2 (2019): Edisi Agustus 2019

Section

Articles

License

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License   that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work
external-statistic-user-interface-budi-arianto Abstract views: 1292 / PDF downloads: 925