IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2021-02-12.html
   My bibliography  Save this article

Energy Economics in Islamic Countries: A Bibliometric Review

Author

Listed:
  • Nisful Laila

    (Department of Islamic Economics, Faculty of Economic and Business, Airlangga University, Indonesia)

  • Aam S. Rusydiana

    (Department of Islamic Economics, Sharia Economics Applied Research and Training, Indonesia,)

  • Muhamad Iqbal Irfany

    (Department of Islamic Economics, Faculty of Economic and Business, IPB University, Indonesia)

  • Imron HR

    (Department of Management, Faculty of Economic STIE Indonesia, Jakarta, Indonesia,)

  • Popon Srisusilawati

    (Department of Islamic Economics, Faculty of Shariah, Universitas Islam Bandung, Indonesia,)

  • Muhamad Taqi

    (Department of Accounting, University of Sultan Ageng Tirtayasa Serang Banten, Indonesia.)

Abstract

Energy has an important role in the economic growth of a country, the more energy a country has, the better the country s economy. This study tries to map the development of research published in the field of energy economics. The research was conducted using VOSViewer software. The data analyzed were in the form of scientific research related to energy economics in Islamic countries as many as 45 articles published in the last 10 years. The results showed that the number of publications on the development of research results in the field of energy economics continued to increase, with various research methods and countries of study objects. The network visualization shows that the energy economy research development map is divided into 5 clusters. Cluster 1 consists of 7 keywords, cluster 2 consists of 7 keywords, cluster 3 consists of 5 keywords, cluster 4 consists of 5 keywords and cluster 5 consists of 2 keywords. It was found that the most familiar keywords are Country, Renewable Energy, CO2 Emission. Other findings based on the results of text mining are the analysis of Kaya Identity in Islamic countries and solutions in the form of sustainable energy use.

Suggested Citation

  • Nisful Laila & Aam S. Rusydiana & Muhamad Iqbal Irfany & Imron HR & Popon Srisusilawati & Muhamad Taqi, 2021. "Energy Economics in Islamic Countries: A Bibliometric Review," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 88-95.
  • Handle: RePEc:eco:journ2:2021-02-12
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/10763/5707
    Download Restriction: no

    File URL: https://www.econjournals.com/index.php/ijeep/article/view/10763/5707
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:eco:journ2:2017-04-15 is not listed on IDEAS
    2. Muhammad Hanif, 2020. "Relationship between Oil and Stock Markets: Evidence from Pakistan Stock Exchange," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 150-157.
    3. Mensi, Walid & Hammoudeh, Shawkat & Al-Jarrah, Idries Mohammad Wanas & Sensoy, Ahmet & Kang, Sang Hoon, 2017. "Dynamic risk spillovers between gold, oil prices and conventional, sustainability and Islamic equity aggregates and sectors with portfolio implications," Energy Economics, Elsevier, vol. 67(C), pages 454-475.
    4. Massimo Filippini & Lester C. Hunt, 2013. "'Underlying Energy Efficiency' in the US," CER-ETH Economics working paper series 13/181, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    5. Ahmad, Nisar & Aghdam, Reza FathollahZadeh & Butt, Irfan & Naveed, Amjad, 2020. "Citation-based systematic literature review of energy-growth nexus: An overview of the field and content analysis of the top 50 influential papers," Energy Economics, Elsevier, vol. 86(C).
    6. Gabbasa, Mohamed & Sopian, Kamaruzzaman & Yaakob, Zahira & Faraji Zonooz, M.Reza & Fudholi, Ahmad & Asim, Nilofar, 2013. "Review of the energy supply status for sustainable development in the Organization of Islamic Conference," Renewable and Sustainable Energy Reviews, Elsevier, vol. 28(C), pages 18-28.
    7. Cosimo Magazzino, 2016. "The relationship between real GDP, CO2 emissions, and energy use in the GCC countries: A time series approach," Cogent Economics & Finance, Taylor & Francis Journals, vol. 4(1), pages 1152729-115, December.
    8. Sameer Kumar & Jariah Mohd. Jan, 2014. "Research collaboration networks of two OIC nations: comparative study between Turkey and Malaysia in the field of ‘Energy Fuels’, 2009–2011," Scientometrics, Springer;Akadémiai Kiadó, vol. 98(1), pages 387-414, January.
    9. Jung, Seok & An, Kyoung-Jin & Dodbiba, Gjergj & Fujita, Toyohisa, 2012. "Regional energy-related carbon emission characteristics and potential mitigation in eco-industrial parks in South Korea: Logarithmic mean Divisia index analysis based on the Kaya identity," Energy, Elsevier, vol. 46(1), pages 231-241.
    10. Nagayev, Ruslan & Disli, Mustafa & Inghelbrecht, Koen & Ng, Adam, 2016. "On the dynamic links between commodities and Islamic equity," Energy Economics, Elsevier, vol. 58(C), pages 125-140.
    11. van Eck, N.J.P. & Waltman, L., 2007. "Bibliometric Mapping of the Computational Intelligence Field," ERIM Report Series Research in Management ERS-2007-027-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    12. Memet Agustiar, 2020. "An Assessment of Indonesia s Monetary Integration with Oil Exporter Countries in Islamic Nations: Evidence from Panel Data," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 89-95.
    13. Mosab I. Tabash & Samar H. Khan, 2018. "The Impact of Oil Price Volatility, Gross Domestic Product, Foreign Direct Investment on Islamic Banking Investments: An Empirical Evidence of The United Arab Emirates," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 306-312.
    14. Kharisya Ayu Effendi, 2019. "Oil Prices and Macroeconomic on the Islamic Banking Performance in OPEC Member Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 9(1), pages 200-204.
    15. Hassan, Kamrul & Hoque, Ariful & Gasbarro, Dominic, 2019. "Separating BRIC using Islamic stocks and crude oil: dynamic conditional correlation and volatility spillover analysis," Energy Economics, Elsevier, vol. 80(C), pages 950-969.
    16. Dina Azhgaliyeva & Anant Kapoor & Yang Liu, 2020. "Green bonds for financing renewable energy and energy efficiency in South-East Asia: a review of policies," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 10(2), pages 113-140, April.
    17. Badeeb, Ramez Abubakr & Lean, Hooi Hooi, 2018. "Asymmetric impact of oil price on Islamic sectoral stocks," Energy Economics, Elsevier, vol. 71(C), pages 128-139.
    18. repec:eco:journ2:2017-04-24 is not listed on IDEAS
    19. Tarek Chebbi & Abdelkader Derbali, 2015. "The dynamic correlation between energy commodities and Islamic stock market: analysis and forecasting," International Journal of Trade and Global Markets, Inderscience Enterprises Ltd, vol. 8(2), pages 112-126.
    20. Jaelani, Aan & Firdaus, Slamet & Jumena, Juju, 2017. "Renewable Energy Policy in Indonesia: The Qur'anic Scientific Signals in Islamic Economics Perspective," MPRA Paper 84622, University Library of Munich, Germany, revised 18 Sep 2017.
    21. Donato Morea & Luigi Antonio Poggi, 2017. "An Innovative Model for the Sustainability of Investments in the Wind Energy Sector: The Use of Green Sukuk in an Italian Case Study," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 53-60.
    22. Naif Alsagr & Stefan F. Van Hemmen Almazor, 2020. "Oil Rent, Geopolitical Risk and Banking Sector Performance," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 305-314.
    23. Nees Jan Eck & Ludo Waltman, 2010. "Software survey: VOSviewer, a computer program for bibliometric mapping," Scientometrics, Springer;Akadémiai Kiadó, vol. 84(2), pages 523-538, August.
    24. Sopian, Kamaruzzaman & Ali, Baharuddin & Asim, Nilofar, 2011. "Strategies for renewable energy applications in the organization of Islamic conference (OIC) countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4706-4725.
    25. Asma Gamoori & Alireza Jorjorzadeh & Fatemeh Mehrabani, 2017. "Investigation the Links between Foreign Investment, Economic Growth and Energy Usage: Organization of the Islamic Conference Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 304-309.
    26. Memet Agustiar, 2020. "Monetary Integration among Oil Exporter Countries: Testing Kenen s Product Diversification Hypothesis in the Organization of Islamic Cooperation," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 380-388.
    27. Aan Jaelani & Layaman Layaman & Dewi Fatmasari & Adang Djumhur Salikin & Abdus Salam Dz, 2020. "Energy Conservation and Energy Management for Industry in Indonesia in Islamic Economic Perspective," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 239-249.
    28. Mahony, Tadhg O', 2013. "Decomposition of Ireland's carbon emissions from 1990 to 2010: An extended Kaya identity," Energy Policy, Elsevier, vol. 59(C), pages 573-581.
    29. Mohd Shahidan Shaari & Zulkefly Abdul Karim & Noorazeela Zainol Abidin, 2020. "The Effects of Energy Consumption and National Output on CO 2 Emissions: New Evidence from OIC Countries Using a Panel ARDL Analysis," Sustainability, MDPI, vol. 12(8), pages 1-12, April.
    30. Mekhilef, Saad & Barimani, Meghdad & Safari, Azadeh & Salam, Zainal, 2014. "Malaysia’s renewable energy policies and programs with green aspects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 40(C), pages 497-504.
    31. Mohd Haizam Mohd Saudi & Obsatar Sinaga & Noor H. Jabarullah, 2019. "The Role of Renewable, Non-renewable Energy Consumption and Technology Innovation in Testing Environmental Kuznets Curve in Malaysia," International Journal of Energy Economics and Policy, Econjournals, vol. 9(1), pages 299-307.
    32. Basheer H. M. Altarturi & Ahmad Alrazni Alshammri & Tuan Muhd Tau ik Tuan Hussin & Buerhan Saiti, 2016. "Oil Price and Exchange Rates: A Wavelet Analysis for Organisation of Oil Exporting Countries Members," International Journal of Energy Economics and Policy, Econjournals, vol. 6(3), pages 421-430.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Suddin Lada & Brahim Chekima & Rudy Ansar & Mohamad Isa Abdul Jalil & Lim Ming Fook & Caroline Geetha & Mohamed Bouteraa & Mohd Rahimie Abdul Karim, 2023. "Islamic Economy and Sustainability: A Bibliometric Analysis Using R," Sustainability, MDPI, vol. 15(6), pages 1-21, March.
    2. Odeh Al-Jayyousi & Evren Tok & Shereeza Mohamed Saniff & Wan Norhaniza Wan Hasan & Noora Abdulla Janahi & Abdurahman J. Yesuf, 2022. "Re-Thinking Sustainable Development within Islamic Worldviews: A Systematic Literature Review," Sustainability, MDPI, vol. 14(12), pages 1-26, June.
    3. Henrique Oliveira & Víctor Moutinho, 2021. "Renewable Energy, Economic Growth and Economic Development Nexus: A Bibliometric Analysis," Energies, MDPI, vol. 14(15), pages 1-28, July.
    4. Muhamad Taqi & Aam Slamet Rusydiana & Nanik Kustiningsih & Irman Firmansyah, 2021. "Environmental Accounting: A Scientometric using Biblioshiny," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 369-380.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aam S. Rusydiana & Nisful Laila & Naelati Tubastuvi & Mohamad Andri Ibrahim & Lina Marlina, 2021. "Energy Efficiency in OIC Countries: SDG 7 Output," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 74-81.
    2. Bahloul, Slah & Khemakhem, Imen, 2021. "Dynamic return and volatility connectedness between commodities and Islamic stock market indices," Resources Policy, Elsevier, vol. 71(C).
    3. Hadhri, Sinda, 2021. "The nexus, downside risk and asset allocation between oil and Islamic stock markets: A cross-country analysis," Energy Economics, Elsevier, vol. 101(C).
    4. Godil, Danish Iqbal & Sarwat, Salman & Khan, Muhammad Kamran & Ashraf, Muhammad Sajjad & Sharif, Arshian & Ozturk, Ilhan, 2022. "How the price dynamics of energy resources and precious metals interact with conventional and Islamic Stocks: Fresh insight from dynamic ARDL approach," Resources Policy, Elsevier, vol. 75(C).
    5. Sugra Humbatova & Afag Huseyn & Natig Gadim-Oglu Hajiyev, 2023. "Impact of Oil Factor on Investment: The Case of Azerbaijan," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 129-148, March.
    6. Adekoya, Oluwasegun B. & Akinseye, Ademola B. & Antonakakis, Nikolaos & Chatziantoniou, Ioannis & Gabauer, David & Oliyide, Johnson, 2022. "Crude oil and Islamic sectoral stocks: Asymmetric TVP-VAR connectedness and investment strategies," Resources Policy, Elsevier, vol. 78(C).
    7. Filippo Corsini & Rafael Laurenti & Franziska Meinherz & Francesco Paolo Appio & Luca Mora, 2019. "The Advent of Practice Theories in Research on Sustainable Consumption: Past, Current and Future Directions of the Field," Sustainability, MDPI, vol. 11(2), pages 1-19, January.
    8. Rahman, Md Lutfur & Hedström, Axel & Uddin, Gazi Salah & Kang, Sang Hoon, 2021. "Quantile relationship between Islamic and non-Islamic equity markets," Pacific-Basin Finance Journal, Elsevier, vol. 68(C).
    9. Umar, Zaghum & Yousaf, Imran & Gubareva, Mariya & Vo, Xuan Vinh, 2022. "Spillover and risk transmission between the term structure of the US interest rates and Islamic equities," Pacific-Basin Finance Journal, Elsevier, vol. 72(C).
    10. Xiaoxia Shi & Haiyun Liu & Joshua Sunday Riti, 2019. "The role of energy mix and financial development in greenhouse gas (GHG) emissions’ reduction: evidence from ten leading CO2 emitting countries," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(3), pages 695-729, October.
    11. Esther Prieto-Jiménez & Luis López-Catalán & Blanca López-Catalán & Guillermo Domínguez-Fernández, 2021. "Sustainable Development Goals and Education: A Bibliometric Mapping Analysis," Sustainability, MDPI, vol. 13(4), pages 1-20, February.
    12. Ivone de Bem Oliveira & Rhewter Nunes & Lucia Mattiello & Stela Barros-Ribeiro & Isabela Pavanelli Souza & Alexandre Siqueira Guedes Coelho & Rosane Garcia Collevatti, 2019. "Research and partnership in studies of sugarcane using molecular markers: a scientometric approach," Scientometrics, Springer;Akadémiai Kiadó, vol. 119(1), pages 335-355, April.
    13. Hassan, Kamrul & Hoque, Ariful & Wali, Muammer & Gasbarro, Dominic, 2020. "Islamic stocks, conventional stocks, and crude oil: Directional volatility spillover analysis in BRICS," Energy Economics, Elsevier, vol. 92(C).
    14. Mishra, Shekhar & Sharif, Arshian & Khuntia, Sashikanta & Meo, Muhammad Saeed & Rehman Khan, Syed Abdul, 2019. "Does oil prices impede Islamic stock indices? Fresh insights from wavelet-based quantile-on-quantile approach," Resources Policy, Elsevier, vol. 62(C), pages 292-304.
    15. Martin Barth & Stefanie Haustein & Barbara Scheidt, 2014. "The life sciences in German–Chinese cooperation: an institutional-level co-publication analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 98(1), pages 99-117, January.
    16. Shahzad, Syed Jawad Hussain & Mensi, Walid & Hammoudeh, Shawkat & Rehman, Mobeen Ur & Al-Yahyaee, Khamis H., 2018. "Extreme dependence and risk spillovers between oil and Islamic stock markets," Emerging Markets Review, Elsevier, vol. 34(C), pages 42-63.
    17. Bastian Schaefermeier & Gerd Stumme & Tom Hanika, 2021. "Topic space trajectories," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(7), pages 5759-5795, July.
    18. Zaighum, Isma & Aman, Ameenullah & Sharif, Arshian & Suleman, Muhammad Tahir, 2021. "Do energy prices interact with global Islamic stocks? Fresh insights from quantile ARDL approach," Resources Policy, Elsevier, vol. 72(C).
    19. Sameer Kumar & Bernd Markscheffel, 2016. "Bonded-communities in HantaVirus research: a research collaboration network (RCN) analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(1), pages 533-550, October.
    20. Vaninsky, Alexander, 2014. "Factorial decomposition of CO2 emissions: A generalized Divisia index approach," Energy Economics, Elsevier, vol. 45(C), pages 389-400.

    More about this item

    Keywords

    Energy Economics; Kaya Identity; Bibliometrics.;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2021-02-12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.