The Dynamic Link of Energy Consumption, Economic Growth and Poverty in Eastern Indonesia: Panel VECM and FMOLS Approach

Leiwakabessy, Erly; Payapo, Rukmuin Wilda

doi:10.32479/ijeep.12626

Cited by 4 publications

(8 citation statements)

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“…This is evidenced by research findings which state that energy conservation has a significant positive effect on the green economy of textile companies in East Java, Indonesia. The green economy is expected to be a way out to make economic actors as well as beneficiaries or consumers more motivated to carry out environmentally friendly activities (Leiwakabessy and Payapo, 2022). So, a green economy in turn becomes a bridge between economic development growth, social justice as well as being environmentally friendly and saving natural resources (O'Neill and Gibbs, 2016).…”

Section: Resultsmentioning

confidence: 99%

“…The Government of the Republic of Indonesia continues to strive to spur the development of green industries to prioritize efficiency and effectiveness in the use of resources in a sustainable manner. This is so that industrial development is in harmony with the preservation of environmental functions and can provide benefits to society (Leiwakabessy and Payapo, 2022). Through efforts to implement the green industry, it was also noted that energy savings of Rp.…”

Section: Resultsmentioning

confidence: 99%

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Implementation of Environmental Management Accounting and Energy Efficiency for Green Economy Achievements in the Textile Industry in Indonesia

Kumalawati

Sudarma

Rahman

et al. 2023

IJEEP

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This paper aims to examine the conceptual framework that describes the relationship between environmental management accounting, energy efficiency and green economy outcomes. In this paper, the authors argue that environmental management accounting and energy efficiency can directly influence the achievement of a green economy. This paper examines survey responses of top management in an East Java textile company registered with the Indonesian Central Bureau of Statistics. The time horizon for data collection is cross-sectional. The hypothesis was tested using a multiple linear regression analysis approach, by interpreting the regression model through the significance coefficient value to see the partial effect. In general, the proposed framework obtains adequate fit statistical results. Furthermore, the results support the argument that there is a positive and significant effect of environmental management accounting and energy efficiency on achieving a company's green economy. The limitations of this study relate to the small sample size, because environmental results and energy use are still considered confidential by many companies in Indonesia. These results can be a specific reference for policy making in companies to continue to support the achievement of green economy goals in Indonesia. This study contributes to the accounting literature, particularly in the mechanism of environmental management accounting information through empirical evidence.

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Implementation of Environmental Management Accounting and Energy Efficiency for Green Economy Achievements in the Textile Industry in Indonesia

Kumalawati

Sudarma

Rahman

et al. 2023

IJEEP

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“…Vector Error Correction (VEC) Granger Causality VEC Granger causality is valuable as it can assess the presence of a short-term causal association by using information from lag variables (Leiwakabessy and Payapo, 2022). The VEC Granger causality test/Wald test estimates a test statistic based on the unconstrained regression, which may be used to test for unidirectional causality, feedback causation, or no causality (neutral) in a dynamic short-run relationship (Kyara et al, 2022).…”

Section: Stringency and Competitive Export Strengthsmentioning

confidence: 99%

Environmental stringency and competitive export strengths: a study in context of environmentally sensitive goods in G20

Mahajan¹,

Majumdar²

2023

IJSE

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PurposeTrade of environmentally sensitive goods (ESGs) is often exposed to countries with less stringent regulations suggesting that those countries have comparative advantage in the polluting sector. The Group of Twenty (G20) members are among the highest polluters, globally. Different stringency policies are enacted time to time in G20 to control environment pollution. However, the impact of policy stringency on export performance of ESGs is seldom examined. The paper aims to address some of the issues concerning this matter.Design/methodology/approachThe present study aims to address the short run and long-run association between Revealed Comparative Advantage of ESGs and Environmental Policy Stringency Index for the period of 1990–2019 in G20. Periodic fluctuations and time adjustment mechanism are also studied. Second Generation Panel Cointegration, Vector Error Correction, Impulse Response Function and Variance Decomposition methods are employed to address the objectives.FindingsResult is evident that more exposure to stringent environmental regulations reduces the comparative advantage of ESGs in the long run. But there is no evidence of the short-run relationship between the variables. The possible reason could be that new regulations enacted prove fruitful in the long run.Originality/valueThe novelty of the study is to focus on inter linkages between stringency and global export competitiveness in G20, almost nonexistent in the past studies. The study also provides a road map to policymakers to find out potential ways for sustainable development by balancing environmental stringency measures and international trade.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-08-2022-0560

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“…The current study eexplains several research methods, which includes an explanation of the data and variables used, specifications of the econometric model, testing data, panel vector error correction model (VECM), and fully modified ordinary least squares (FM-OLS) analysis. Leiwakabessy and Payapo(2022) Vector Error Correction Model (VECM): The study applied the "VECM to identify the relationship between the bank credit and economic growth indicator -GDP. The study used the time series data.…”

Section: Yi = ƒ (Xi β) + Eimentioning

confidence: 99%

Impact of Bank Lending on Economic Growth – An Empirical Study in the Indian Context

Fatima¹,

Ajabnoor²

2022

R. Econ. and Finan.

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Background: In any country's growing economy, its banking system would play a crucial role in boosting GDP. The present study analyzed the effect of Indian banking borrowing on Indian economic growth.Purpose: The present study analyzed the effect of Indian banking borrowing on Indian economic growth. The study framed the exploratory research with secondary data from 2005 to 2020. The growth of any country's economy will depend on its banking system. The banking growth will depend on the lending system; the more robust the lending, the higher the country's economic growth. Research Design and Methodology:The study framed the exploratory research with secondary data from 2005 to 2020. The study classified it into two segments; food and non-food credits of the Indian banking lending. In the study, food and non-food credit are bank loans. The vector error correction model calculates the analysis of the relationship of banking borrowing to economic growth. The result showed that food credit and non-food credit had a short-term relationship with Indian GDP. The ordinary least square method was applied, and the result showed that food credit had a negative impact, but non-food credit had a negative impact. Findings:The result showed that food credit and non-food credit had a short-term relationship with Indian GDP. The ordinary least square method was applied, and the result showed that food credit had a negative impact, but nonfood credit had a negative impact. This study is helpful for bankers, regulators, and various government stakeholders.

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The Dynamic Link of Energy Consumption, Economic Growth and Poverty in Eastern Indonesia: Panel VECM and FMOLS Approach

Cited by 4 publications

References 0 publications

Implementation of Environmental Management Accounting and Energy Efficiency for Green Economy Achievements in the Textile Industry in Indonesia

Implementation of Environmental Management Accounting and Energy Efficiency for Green Economy Achievements in the Textile Industry in Indonesia

Environmental stringency and competitive export strengths: a study in context of environmentally sensitive goods in G20

Impact of Bank Lending on Economic Growth – An Empirical Study in the Indian Context

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