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Relationship between Energy Consumption, Foreign Direct Investment, and Labor Force Participation Using the VECM Model: Empirical Study in OECD Countries
2023
Journal:  
International Journal of Energy Economics and Policy
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Abstract The purpose of this study is to determine the causal relationship as well as the long-term and short-term relationship between total energy consumption, foreign direct investment (FDI), and labor force participation rates in OECD countries from 1994 to 2019 using Granger Causality Test and Vector Error Correction Model (VCEM). In this study, it is found that energy consumption and FDI have a two-way causality, energy consumption and the labor force participation rate have a two-way causality and FDI and the labor force participation rate have a two-way causality. In the long term, FDI has a significant positive effect on energy consumption while labor force participation has an insignificant negative effect on energy consumption. Meanwhile, in the short term, FDI and labor force participation rates have no effect. This research contributes to decision-making in the field of energy, FDI, and improving the quality and quantity of the workforce in OECD countries. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-03-24 How to Cite Wahyudi, H., & Palupi, W. A. (2023). 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, 13(2), 157–165. https://doi.org/10.32479/ijeep.13999 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 2 (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and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher.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, What is the Short-term and Long-term Relationship between Renewable Energy and Investment in Economic Growth? , International Journal of Energy Economics and Policy: Vol. 13 No. 3 (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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International Journal of Energy Economics and Policy

Field :   Sosyal, Beşeri ve İdari Bilimler

Journal Type :   Uluslararası

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International Journal of Energy Economics and Policy