The Role of Renewable, Non-Renewable Electricity Consumption and Carbon Emission in Development in Indonesia: Evidence From Distributed Lag Tests

Abstract

The current examination aims to explore the critical relationship of energy, in the form of electricity with economic growth of Indonesia. Contrary to traditional approach of assessing the impact of energy consumption, the present study analyzes the association from production point of view by assessing the impact of electricity production on economic development. In doing so, the current study has adopted the refined methodology of auto-regressive distributed lags (ARDL) bound testing approach to examine the dynamic relationship among renewable (RE) electricity generation, non-renewable (NRE) electricity generation and economic growth with amplified understanding of the critical association to support the course of economic planning and policy making. The results of ARDL bound testing approach confirm that RE electricity generation, NRE electricity generation and carbon dioxide emission are solid determinants of economic development in Indonesia. Moreover, the results avow that RE electricity and NRE electricity generation have a useful and beneficial outcome on economic development in Indonesia.

Renewable Energy, Economic Growth and Economic Development Nexus: A Bibliometric Analysis

“…Belt Road countries were investigated by [110,111], SAARC and ASEAN countries [112], as well as, South Korea [113], Bangladesh [114], Malaysia [115][116][117][118], Indonesia [119][120][121][122][123], Vietnam [124], Taiwan [125], Pakistan [126][127][128][129][130], Kazakhstan [131,132], and Thailand [133]. Not many studies dealing with the African continent [134] investigate the continent, [135] sub-Saharan Africa, [136] Rwanda, [137] Cameron, Nigeria [138], [139] Ethiopia and [140] Tunisia.…”

The Dynamic Nexus of Digital Evolution, Environmental Turbulence and Environmental Performance: A Case of High-Tech Industries in the Emerging 4th Industrial Revolution

“…Turbulences in surrounding exteriors tends to bring uncertainty and complexity in the smooth transition of digital evolutions (Slater and Narver. 2009;Abdullah et al, 2018;Sinaga et al, 2019b). Environmental turbulence confines peripheral alterations which are the outcomes of several market and technological turbulences.…”

“…In this regard many believe that digital evolution is making its way to reach the skies without giving any due concerns to the society and the environment (Miller and Wilsdon, 2001). However, the other view suggests that as the modern businesses are prone to sustainable development concerns, digital evolution also carries eco-friendly inventions with enhanced levels of energy efficiencies to corresponds well towards the sustainability goals (Saudi et al, 2019b).…”

Environmental Sustainability in the Fourth Industrial Revolution: The Nexus Between Green Product and Green Process Innovation

“…Knowing the limitation of limited resource availability in the small businesses, the study also investigates the effect of green PRIs to influence not only the environmental performance (ENP) but also the economic performance (ECP) of SMEs . Lastly, the objective of the study is further extended to determine the overall impact of fusing sustainability into 4IR goals to subsequently impact SMEs COM (Sinaga et al, 2019b). In all the above-mentioned ways, the present study offers unique approach of identify the environment of 4IR in Malaysian SMEs and its effect on sustainable performance and competitive edge of the organizations.…”

“…With the motive of embracing sustainable and esteem-based economy; the efforts for building advanced networks, making computerized imaginative start-up systems, sensory techniques in farming, and setting up automations in physical products for SMEs (Koanantakool, 2016;Sangwanna and Pupat, 2014;Sinaga et al, 2019a), have turned into the major Malaysian government's goal. In this regard, SMEs of Malaysia are also motivated to embrace 4IR (Luff, 2017;Saudi et al, 2019b) and stimulated to assimilate the sustainable practices in manufacturing to make certain that the technological progress would not result in environmental degradation. In this regard, the significance of environmental sustainability is the vital part of 4IR as it drives the way of future existing of people and economies.…”