The effect of economic growth, measure of industrialization, credit access, energy import dependency, and oil price on renewable energy production in the five biggest renewable energy producing countries in Southeast Asia
Clicks: 3
ID: 285767
2021
Article Quality & Performance Metrics
Overall Quality
Not rated
Combines reader engagement with the AI quality analysis. This
article has not been analysed, so there is no overall score —
reader engagement is measured and shown alongside.
Reader Engagement
Emerging Content
0.6
/100
3 views
2 readers
AI Quality Assessment
Not analyzed
Readership in this journal
EmergingRanked #3,744 of 3,757 articles by views in Malay Journal
Most read
Least read
Bar heights use a square-root scale. Only the 120 most-read articles are drawn; the journal has 3,757 in total.
Mint this article as an NFT
Not yet mintedCreate a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.
5
SUSD
one-off · no wallet required
Abstract
Energy is seen as a necessary resource for economic progress, with policymakers continuously looking for sustainable solutions to increasing energy demand. Renewable energy has been recognized as a sustainable solution to energy security for its ability to ensure energy demand and lessen environmental degradation. Vietnam, Thailand, Indonesia, Malaysia, and the Philippines are the five biggest renewable energy producing countries in Southeast Asia, who are still looking to increase renewable energy production. The capital-intensive nature of renewable energy signifies the need to look at economic and technical factors. The study looks into the causal effects of economic growth, measure of industrialization, credit access, energy import dependency, and oil price on renewable energy production in these five countries using panel data in the years 1996 to 2018. The tests of assumptions have found that multicollinearity was not a problem, while correcting for cross-sectional dependence, heteroskedasticity, and autocorrelation. The Fixed Effects (FE) model was found to be the most suitable for the study. The results of the study found that the measure of industrialization, or the variable ratio of net manufacturing output to gross domestic product, and credit access, or the variable lending interest rates, had the most impact on renewable energy production. The study recommends the implementation of policies that ease the access to capital, as it is the most applicable to the five countries and will have the greatest impact on increasing renewable energy production.
Keywords: ASEAN, Renewable Energy, Panel Regression, Government Policy, Renewable Energy Production
JEL Classification: O32, Q02, Q28, Q42, Q43, Q48
| Reference Key |
persistent_1760656598_68f17cd662057
Use this key to autocite in the manuscript while using
SciMatic Manuscript Manager or Thesis Manager
|
|---|---|
| Authors | Tañega, Maria Bianca Monica R. |
| Journal | Malay Journal |
| Year | 2021 |
| DOI |
DOI not found
|
| URL | |
| Keywords | Keywords not found |
Citations
No citations found. To add a citation, contact the admin at info@scimatic.org
Comments
No comments yet. Be the first to comment on this article.