Kumaran, Vikniswari Vija and Ridzuan, Abdul Rahim and Khan, Farman Ullah and Abdullah, Hussin and Mohamad, Zam Zuriyati (2020) An empirical analysis of factors affecting renewable energy consumption in association of Southeast Asian Nations-4 countries. International Journal of Energy Economics and Policy, 10 (2). pp. 48-56. ISSN 21464553

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Abstract

This study aimed to explore the determinants of renewable energy consumption in selected Association of Southeast Asian Nations (ASEAN) countries by emphasizing the significant role played by the quality of governance. This paper is classified according to the coverage of three dimensions approach (economic, environment, and governance) for sustainability. This study employed panel data analysis to examine the relationship between GDP, CO2 emissions, foreign direct investment, trade openness, urbanization, and quality of governance on renewable energy consumption in selected ASEAN countries from 1990 to 2016. The results revealed that urbanisation has a significant positive impact on renewable energy based on FMOLS and DOLS analyses while the quality of governance has a significant positive impact on renewable energy based on pooled mean group analysis in the long run. However, GDP and trade openness have a significant negative impact on renewal energy. The elasticity analysis in the short run revealed that none of the factors applied in this study affected renewable energy consumption. Hence, several policies are recommended as an excellent approach to meet the energy demand of private investors and future generations.

Item Type:	Article
Uncontrolled Keywords:	Renewable Energy, Association of Southeast Asian Nations, Quality of Governance, Panel Estimation
Subjects:	H Social Sciences > HC Economic History and Conditions
Divisions:	School of Economics, Finance & Banking
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	28 Jul 2020 08:31
Last Modified:	28 Jul 2020 08:31
URI:	https://repo.uum.edu.my/id/eprint/27290

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