Renewable, Nonrenewable Energy Consumption, and Economic Growth Nexus: New Evidence from the Malaysian Economy

International Journal of Business Society, Vol. 6, Issue 6
Muhammad Ahmad Mazher
Renewable energy consumptionNonrenewable energy consumptionEconomic growth (RGDP)ARDL
PDFRegular IssueDOI: 10.30566/ijo-bs/2022.07.92
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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.

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Article Information

Article Details
Volume & IssueVol. 6, Iss. 6
Publication DateJul 24, 2022
Authors
Muhammad Ahmad Mazher
DOI
10.30566/ijo-bs/2022.07.92
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