Macroeconomic Factors Affect the Electricity Consumption: A Case of ASEAN Countries
Main Article Content
Abstract
The ASEAN Centre of Energy (ACE) aims to improve electricity accessibility among all 10 members. Electricity consumption is concerned globally, since it is main intermediate input of production in pursuing economic growth in this era Industrial Revolution 5.0. The motivation of this study is to examine the key elements that derives the electricity consumption in all Association of Southeast Asian Nations (ASEAN) countries from year 2000 to 2018. A panel data is utilized to investigate the relationship between urban population, industrial structure and financial development towards electricity consumption (kWh) using linear regression model (Pooled OLS, Random Effect, and Fixed Effect models). Results found that rapid growth of urban population gives a great impact to electricity consumption. Thailand and Vietnam have the highest positive interception using Fixed Effect model estimation. The findings of this research suggests the government to explore new energy sources to meet the increased demand of electricity while balancing the environmental sustainabilit.
Downloads
Metrics
Article Details
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.