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Long run energy demand and its determinants: a panel cointegration analysis of the association of Southeast Asian nations-5


Hassan, Sallahuddin (2018) Long run energy demand and its determinants: a panel cointegration analysis of the association of Southeast Asian nations-5. Journal of Business and Retail Management Research (JBRMR), 8 (4). pp. 270-279. ISSN 2051-848X

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Abstract

Energy determinants continue to reinforce the sustained rise in energy demand over the coming years. Such concern has captured considerable attentions among the governments worldwide in the anticipation of its unabated rise to jeopardize a country’s long term energy security. Specifically, this paper investigates the interplay between energy demand and its determinants notably world oil price, economic growth, population, urbanization and energy access in the ASEAN-5 over the 2000–2016 period. At the aggregated level, the long run results reveal that economic growth, energy access and urbanization have significant effects on energy demand. However, the results vary by the disaggregated fuel type, respectively. Therefore, energy conservation policy is the viable option in the ASEAN-5 going forward. Also, the policy makers are suggested to secure for reliable and affordable energy supplies with minimal environmental impacts, promote a sustainable development and socio-economic growth and enhance the quality of life.

Item Type: Article
Uncontrolled Keywords: ASEAN-5; energy conservation; energy demand; energy security
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: School of Economics, Finance & Banking
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 18 Nov 2019 03:00
Last Modified: 18 Nov 2019 03:00
URI: http://repo.uum.edu.my/id/eprint/26510

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