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

Muhammad Ahmad Mazher


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

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