Economic Impact of Supply Chain and Renewable Energy Adoption

Authors

  • Norashida Othman Department of Economics and Financial Studies Faculty of Business and Management, Universiti Teknologi MARA (UiTM), 42300 Puncak Alam, Selangor, Malaysia.
  • Khairunnisa Itqan Khairul Anuar Department of Group Strategy and Business Development, KPJ Healthcare Group, Menara KPJ, Jln Tun Razak, 50400 Kuala Lumpur, Malaysia.
  • Siti Norida Wahab Department of Technology and Supply Chain Management Studies, Faculty of Business and Management, Universiti Teknologi MARA (UiTM), 42300 Puncak Alam, Selangor, Malaysia
  • Nosica Rizkalla Department of Management, Faculty of Business, Universitas Multimedia Nusantara, Kabupaten Tangerang, Banten 15810, Indonesia.

DOI:

https://doi.org/10.21834/e-bpj.v10i31.6402

Abstract

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.

Published

2024-12-09

How to Cite

Othman, N., Khairul Anuar, K. I., Wahab, S. N., & Rizkalla, N. (2024). Economic Impact of Supply Chain and Renewable Energy Adoption . Environment-Behaviour Proceedings Journal, 10(31). https://doi.org/10.21834/e-bpj.v10i31.6402

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