Economic Impact of Supply Chain and Renewable Energy Adoption
DOI:
https://doi.org/10.21834/e-bpj.v10i31.6402Keywords:
Renewable Energy Consumption, Economic Growth, Logistic Performance, ASEANAbstract
This study examines the impact of renewable energy consumption on economic growth in ASEAN-6 countries (Malaysia, Indonesia, Vietnam, Singapore, Thailand, and Japan) and China from 2000 to 2020 using a pooled mean group (PMG) approach for panel data analysis. The findings reveal a positive correlation between renewable energy usage and economic development, emphasizing reduced reliance on fossil fuels. Key factors analyzed include renewable energy consumption, logistic performance, and electricity production from renewables. The results demonstrate these variables significantly foster economic growth, advocating investments in renewables as a strategic priority for sustainable development.
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Copyright (c) 2024 Norashida Othman, Khairunnisa Itqan Khairul Anuar, Siti Norida Wahab, Nosica Rizkalla
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