Abstract:

Abstract The topics of energy, environment, natural resources, and economics have recently remained a topic of conversation. Thus, this study aims to determine the short-term and long-term influence between sustainable energy, CO2, oil rents, and investment on economic growth in ASEAN countries. Based on the purpose of the study, this study used the Vector Error Correction Model (VECM) method with the help of Eviews 10. All variables used in this study were cointegrated in the long term. So that renewable energy consumption helps economic growth in ASEAN countries; in other words, renewable energy consumption positively affects economic growth over time. Meanwhile, environmental damage proxied by CO2 hinders economic growth in the long run. This study also shows that ASEAN countries do not experience the curse of natural resources. This can be seen from the value of oil rents has a significant positive effect on economic growth. Meanwhile, investment in ASEAN has not improved the economy, so collaboration from all parties is needed to realize the welfare of the people projected with increased economic growth. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-05-17 How to Cite wahyudi, H., & Palupi, W. A. (2023). What is the Short-term and Long-term Relationship between Renewable Energy and Investment in Economic Growth?. International Journal of Energy Economics and Policy, 13(3), 46–55. https://doi.org/10.32479/ijeep.14081 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 3 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Heru Wahyudi, Widia Anggi Palupi, Natural Resources Curse in Indonesia , International Journal of Energy Economics and Policy: Vol. 13 No. 2 (2023) Heru wahyudi, R. Weddie Andriyanto, Armeita Tresnaningtyas, Kamadie Sumanda, Widia Anggi Palupi, Analysis of Oil Price and Exchange Rate in Indonesia , International Journal of Energy Economics and Policy: Vol. 13 No. 2 (2023) Heru Wahyudi, Suripto Suripto, Widia Anggi Palupi, Long-Term Implications of Economic Complexity and Energy Intensity on the Environment in Lower-Middle-Income Countries in Asia , International Journal of Energy Economics and Policy: Vol. 13 No. 1 (2023) Heru Wahyudi, Widia Anggi Palupi, Relationship between Energy Consumption, Foreign Direct Investment, and Labor Force Participation Using the VECM Model: Empirical Study in OECD Countries , International Journal of Energy Economics and Policy: Vol. 13 No. 2 (2023) Heru Wahyudi, Winda Rika Lestasi, Ratna Septiyanti, Widia Anggi Palupi, Walking as an Alternative to Indonesia’s Oil Consumption Problem , International Journal of Energy Economics and Policy: Vol. 13 No. 4 (2023) Make a Submission Make a Submission Dergi Kapağı

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