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Analysis of the Effect of Economic, Population, and Energy Growth, as well as the Influence on Sustainable Energy Development in Indonesia

Author

Listed:
  • Faisal Irsan Pasaribu

    (Universitas Muhammadiyah Sumatera Utara, Medan, Indonesia)

  • Catra Indra Cahyadi

    (Universitas Muhammadiyah Sumatera Utara, Medan, Indonesia)

  • Restu Mujiono

    (Universitas Muhammadiyah Sumatera Utara, Medan, Indonesia.)

  • Suwarno Suwarno

    (Universitas Muhammadiyah Sumatera Utara, Medan, Indonesia)

Abstract

All economic activities require energy and are natural energy sources that can be utilized as much as possible by the community for prosperity and sustainable development. The potential for renewable/sustainable energy in Indonesia is very large and its utilization has not been maximized. Consumption of sustainable energy according to current data is still very low, this is because it is still dominated by fossil energy. This study aims to analyze the effects of economic growth, population, and subsidized energy, as well as their impact on sustainable energy development. Based on the secondary data used in this study obtained from World Energy, the Indonesian Ministry of Finance, which was obtained in the previous three years (2018-2021). This analysis uses a multiple linear regression model and the results of this research model show that economic growth on population growth does not show a major influence on sustainable energy consumption in Indonesia for three years, fossil fuel energy consumption shows a positive and significant effect on sustainable energy consumption in Indonesia.

Suggested Citation

  • Faisal Irsan Pasaribu & Catra Indra Cahyadi & Restu Mujiono & Suwarno Suwarno, 2023. "Analysis of the Effect of Economic, Population, and Energy Growth, as well as the Influence on Sustainable Energy Development in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 510-517, January.
    • Handle: RePEc:eco:journ2:2023-01-54
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Akhmad Akhmad & Ambo Asse & Nursalam Nursalam & Ibrahim Ibrahim & Bunyamin Bunyamin & Ansaar Ansaar & Sahajuddin Sahajuddin, 2023. "The Impact of the Increase of Oil Fuel Price and Government Subsidy on Indonesia’s Economic Performance," International Journal of Energy Economics and Policy, Econjournals, vol. 13(6), pages 547-557, November.
    2. Catra Indra Cahyadi & Suwarno Suwarno & Aminah Asmara Dewi & Musri Kona & Muhammad Arif & Muhammad Caesar Akbar, 2023. "Solar Prediction Strategy for Managing Virtual Power Stations," International Journal of Energy Economics and Policy, Econjournals, vol. 13(4), pages 503-512, July.

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    More about this item

    Keywords

    Renewable energy; energy forecast; energy consumption; energy economy;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C36 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Instrumental Variables (IV) Estimation
    • C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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