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Electricity consumption and economic growth:a revisit study of their causality in Malaysia

The role of electricity towards the economy becomes crucial in many countries including in Malaysia. It becomes necessary to investigate whether electricity consumption contributes to economic growth in order to make appropriate energy policies. The purpose of this research is to examine the long...

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Main Authors: Mohd Thas Thaker, Mohamed Asmy, Mohd Thas Thaker, Hassanudin, Amin, Md Fouad, Allah Pitchay, Anwar
Format: Article
Language:English
Published: Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta 2019
Subjects:
H Social Sciences (General)
Online Access:http://irep.iium.edu.my/71858/1/71858_Electricity%20consumption%20and%20economic.pdf
http://irep.iium.edu.my/71858/
http://journal.uinjkt.ac.id/index.php/etikonomi/article/view/7455/pdf
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spelling my.iium.irep.718582020-11-09T01:58:11Z http://irep.iium.edu.my/71858/ Electricity consumption and economic growth:a revisit study of their causality in Malaysia Mohd Thas Thaker, Mohamed Asmy Mohd Thas Thaker, Hassanudin Amin, Md Fouad Allah Pitchay, Anwar H Social Sciences (General) The role of electricity towards the economy becomes crucial in many countries including in Malaysia. It becomes necessary to investigate whether electricity consumption contributes to economic growth in order to make appropriate energy policies. The purpose of this research is to examine the long run and causal relationships between electric power consumption and real GDP. This paper applies to the error-correction model. The results indicate that electricity consumption has a positive impact on economic growth. Besides that, there was unidirectional Granger causality running from electricity consumption to real GDP but not vice versa. This paper suggests that Malaysia is becoming an energy-dependent country. The government should emphasize on formulating energy strategies so as to avoid adverse effects on economic growth. **************************************************************************************************** Peran listrik terhadap ekonomi menjadi sangat penting di banyak negara termasuk di Malaysia. Menjadi perlu untuk menyelidiki apakah konsumsi listrik berkontribusi pada pertumbuhan ekonomi untuk membuat kebijakan energi yang tepat. Tujuan dari penelitian ini adalah untuk menguji hubungan jangka panjang dan kausal antara konsumsi daya listrik dan PDB riil. Penelitian ini menerapkan model koreksi kesalahan (ECM). Hasil menunjukkan bahwa konsumsi listrik memiliki dampak positif pada pertumbuhan ekonomi. Selain itu, ada kausalitas Granger searah yang berjalan dari konsumsi listrik ke PDB riil tetapi tidak sebaliknya. Makalah ini menunjukkan bahwa Malaysia menjadi negara yang bergantung pada energi. Pemerintah harus menekankan pada merumuskan strategi energi untuk menghindari dampak buruk pada pertumbuhan ekonomi. Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta 2019 Article PeerReviewed application/pdf en http://irep.iium.edu.my/71858/1/71858_Electricity%20consumption%20and%20economic.pdf Mohd Thas Thaker, Mohamed Asmy and Mohd Thas Thaker, Hassanudin and Amin, Md Fouad and Allah Pitchay, Anwar (2019) Electricity consumption and economic growth:a revisit study of their causality in Malaysia. Etikonomi Jurnal Ekonomi, 18 (1). pp. 1-12. ISSN 1412-8969 E-ISSN 2461-0771 http://journal.uinjkt.ac.id/index.php/etikonomi/article/view/7455/pdf
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic H Social Sciences (General)
spellingShingle H Social Sciences (General)
Mohd Thas Thaker, Mohamed Asmy
Mohd Thas Thaker, Hassanudin
Amin, Md Fouad
Allah Pitchay, Anwar
Electricity consumption and economic growth:a revisit study of their causality in Malaysia
description The role of electricity towards the economy becomes crucial in many countries including in Malaysia. It becomes necessary to investigate whether electricity consumption contributes to economic growth in order to make appropriate energy policies. The purpose of this research is to examine the long run and causal relationships between electric power consumption and real GDP. This paper applies to the error-correction model. The results indicate that electricity consumption has a positive impact on economic growth. Besides that, there was unidirectional Granger causality running from electricity consumption to real GDP but not vice versa. This paper suggests that Malaysia is becoming an energy-dependent country. The government should emphasize on formulating energy strategies so as to avoid adverse effects on economic growth. **************************************************************************************************** Peran listrik terhadap ekonomi menjadi sangat penting di banyak negara termasuk di Malaysia. Menjadi perlu untuk menyelidiki apakah konsumsi listrik berkontribusi pada pertumbuhan ekonomi untuk membuat kebijakan energi yang tepat. Tujuan dari penelitian ini adalah untuk menguji hubungan jangka panjang dan kausal antara konsumsi daya listrik dan PDB riil. Penelitian ini menerapkan model koreksi kesalahan (ECM). Hasil menunjukkan bahwa konsumsi listrik memiliki dampak positif pada pertumbuhan ekonomi. Selain itu, ada kausalitas Granger searah yang berjalan dari konsumsi listrik ke PDB riil tetapi tidak sebaliknya. Makalah ini menunjukkan bahwa Malaysia menjadi negara yang bergantung pada energi. Pemerintah harus menekankan pada merumuskan strategi energi untuk menghindari dampak buruk pada pertumbuhan ekonomi.
format Article
author Mohd Thas Thaker, Mohamed Asmy
Mohd Thas Thaker, Hassanudin
Amin, Md Fouad
Allah Pitchay, Anwar
author_facet Mohd Thas Thaker, Mohamed Asmy
Mohd Thas Thaker, Hassanudin
Amin, Md Fouad
Allah Pitchay, Anwar
author_sort Mohd Thas Thaker, Mohamed Asmy
title Electricity consumption and economic growth:a revisit study of their causality in Malaysia
title_short Electricity consumption and economic growth:a revisit study of their causality in Malaysia
title_full Electricity consumption and economic growth:a revisit study of their causality in Malaysia
title_fullStr Electricity consumption and economic growth:a revisit study of their causality in Malaysia
title_full_unstemmed Electricity consumption and economic growth:a revisit study of their causality in Malaysia
title_sort electricity consumption and economic growth:a revisit study of their causality in malaysia
publisher Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta
publishDate 2019
url http://irep.iium.edu.my/71858/1/71858_Electricity%20consumption%20and%20economic.pdf
http://irep.iium.edu.my/71858/
http://journal.uinjkt.ac.id/index.php/etikonomi/article/view/7455/pdf
_version_ 1683230337163853824
score 13.211869

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