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.
References
Akhunzada, T. K., & Ali, S. (2023). Measurement the Impact of Logisitc Management System on Economic Growth in Selected Asian Countries. Pakistan Journal of Humanities and Social Sciences, 11(1), 350–363.
Bhuiyan, M. A., Zhang, Q., Khare, V., Mikhaylov, A., Pinter, G., & Huang, X. (2022). Renewable energy consumption and economic growth nexus—a systematic literature review. Frontiers in Environmental Science, 10, 878394.
Dogan, E., Altinoz, B., Madaleno, M., & Taskin, D. (2020). The impact of renewable energy consumption to economic growth: a replication and extension of. Energy Economics, 90, 104866.
Goel, R. K., Saunoris, J. W., & Goel, S. S. (2021). Supply chain performance and economic growth: The impact of COVID-19 disruptions. Journal of Policy Modeling, 43(2), 298–316.
International Energy Agency (IEA) (2020). Renewable Energy Market Report 2020. International Energy Agency.
Jelti, F., Allouhi, A., Büker, M. S., Saadani, R., & Jamil, A. (2021). Renewable power generation: A supply chain perspective. Sustainability, 13(3), 1271.
Jia, H., Fan, S., & Xia, M. (2023). The impact of renewable energy consumption on economic growth: Evidence from countries along the Belt and Road. Sustainability, 15(11), 8644.
Khadim, Z., Batool, I., Akbar, A., Poulova, P., & Akbar, M. (2021). Mapping the moderating role of logistics performance of logistics infrastructure on economic growth in developing countries. Economies, 9(4), 177.
Mohammadi, H., Saghaian, S., & Zandi Dareh Gharibi, B. (2023). Renewable and non-renewable energy consumption and its impact on economic growth. Sustainability, 15(4), 3822.
Othman, N., Hewage, R. S., Pyeman, J., & Murdipi, R. (2022). Impact of Technological Advancements on Environmental Degradation: Evidence from ASEAN. Environment-Behaviour Proceedings Journal, 7(21), 401–407.
Pehlivan, P., Aslan, A. I., David, S., & Bacalum, S. (2024). Determination of Logistics Performance of G20 Countries Using Quantitative Decision-Making Techniques. Sustainability, 16(5), 1852.
REN21 (2021). Renewable Energy Policy Network for the 21st Century: Global Status Report. REN21 Secretariat.
Satrianto, A., Ikhsan, A., Dirma, E. Y., Candrianto, C., Juniardi, E., & Gusti, M. A. (2024). The effect of institutional quality on renewable energy: evidence from developing countries. International Journal of Energy Economics and Policy, 14(5), 678-686.
Shahbaz, M., Raghutla, C., Chittedi, K. R., Jiao, Z., & Vo, X. V. (2020). The effect of renewable energy consumption on economic growth: Evidence from the renewable energy country attractive index. Energy, 207, 118162.
Ślusarczyk, B., Tvaronavičien.e, M., Haque, A. U., & Oláh, J. (2020). Predictors of Industry 4.0 technologies affecting logistic enterprises’ performance: International perspective from economic lens. Technological and Economic Development of Economy, 26(6), 1263–1283.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Norashida Othman, Khairunnisa Itqan Khairul Anuar, Siti Norida Wahab, Nosica Rizkalla
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
