Toto Gunarto, Toto Gunarto (2020) Regressing natural gas, nuclear energy and oil consumption on real GDP: evidence from ASEAN countries. Entrepreneurship and Sustainability Center, Journal of Security and Sustainability Issues.

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Energy performances as the essence in the modern economy globally, where the natural gas, the nuclear energy and the oil apprehend the most if its area. These factors are the crucial element on the real GDP of the states. This study investigates the impact of degenerating the natural gas, oil consumption, and the nuclear energy as the depletion in the use of these factors will help the nation to achieve a better real GDP. For this purpose, we taken 10 ASEAN countries in the analysis that includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. The independent variables are nuclear energy, oil consumption, and natural gas and their effect is seen on the real GDP. The total electricity consumption is taken as a control variable. The data is collected over a period of 28 years as it is a time series analysis and for this, we have used panel Autoregressive distributed time lag (ARDL) model and Augmented Dickey Fuller (ADF) technique along with unit root tests and the co-integration tests among the variables. The results indicate that oil consumption, nuclear energy, significantly impact the fuel prices and the energy consumption in these countries. The research gives useful directions for the policymakers and the government as how to cope up with the prices of these non-renewable resources.

Item Type: Other
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Fakultas Ekonomi dan Bisnis (FEB) > Prodi Ekonomi Pembangunan
Depositing User: Dr. TOTO GUNARTO
Date Deposited: 21 Jul 2020 06:17
Last Modified: 21 Jul 2020 06:17

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