Abstract
The aim of this study was to explore the relationship between utilization of energy sources, financial stability and prosperity in the economy of Indonesia. For this purpose this study conducted panel data analysis and gathered data from 1990 to 2018. The study explored the relationship of CO2 emissions and utilization of energy sources per capita as indicators of utilization of energy sources. The indicators for financial stability were real domestic credit to the private sector where the financial information of different financial institutions operating in Indonesia has been collected. The prosperity in the economy indicator for Indonesia was Gross Domestic Product (GDP) per capita and also the labour force that works within different sectors operating in the country. Using descriptive statistics, Unit root analysis, and the autoregressive distributed lag (ARDL) techniques, a panel data analysis was conducted. The results of showed that there is long term relationship between utilization of energy sources, financial stability and prosperity in the economy indictors of Indonesia.Keywords: Financial Stability, Utilization of Energy Sources, Gross Domestic Product, Autoregressive Distributed LagJEL Classifications: B26, O13DOI: https://doi.org/10.32479/ijeep.10242
Highlights
The international trend highlights that effective utilization of energy sources leads towards the attainment of the prosperity in the economy within various developing states
The study conducted by Yang and Wang (2018) states that Indonesia is one of those developing countries that focus on the rise of apprehension over increasing the utilization of energy sources in terms of the method of low emission of CO2 and green growth
The aim of this study was to explore the relationship between utilization of energy sources, financial stability and prosperity in the economy of Indonesia
Summary
The international trend highlights that effective utilization of energy sources leads towards the attainment of the prosperity in the economy within various developing states. The study conducted by Yang and Wang (2018) states that Indonesia is one of those developing countries that focus on the rise of apprehension over increasing the utilization of energy sources in terms of the method of low emission of CO2 and green growth. Based on the study conducted by Hasnisah et al (2019), Indonesia is one of those countries being rich into natural resources including minerals, coals, oil and gas and in agricultural products. It has been found in the study conducted by Alam et al (2016), the energy sector has a dominant contribution in the growth of the GDP based on both supply and demand sides. Besides the prosperity in the economy of Indonesia, energy plays its key role within increasing the living standards of its citizens and to enhance the capital, labour and materials of the country (Hasnisah et al, 2019)
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Energy Economics and Policy
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
