Muhammad Ahmad Mazher
Abstract:
Purpose: This research explores the relationship between renewable and non-renewable energy consumption and Malaysian economic growth from 1990 to 2014.
Design/ Method/ Approach: We have used the Autoregressive Distributed Lag (ARDL) Bounds test to achieve the primary research objectives.
Findings: The findings revealed a positive and significant relationship between Malaysia’s nonrenewable energy consumption, labour force, and RGDP. Malaysia’s RGDP has a significant and negative relationship with net financial accounts.
Research limitations: This study examines Malaysian economic time series data from 1990 to 2014.
Practical implications: This study adds new insights into Malaysian renewable and nonrenewable energy consumption and its relationship to economic growth. As a result, empirical findings suggest that the Malaysian government establish adequate subsidies for renewable energy production, such as investment subsidies, tax breaks, credit sequels, and rebates.
[ FULL TEXT PDF 1-7 ] DOI: 10.30566/ijo-bs/2022.07.92
