Does energy consumption and trade openness contribute to economic growth in the East Asian growth area?
This paper attempts to investigate the energy consumption and trade openness by taking into consideration the economic growth among associations within countries of Asia. The database was constructed and restricted to a sub-region area in southeast Asia well knows as Brunei, Indonesia, Malaysia, and...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2021
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| Online Access: | http://psasir.upm.edu.my/id/eprint/96779/ http://psasir.upm.edu.my/id/eprint/96779/1/ABSTRACT.pdf |
| _version_ | 1848862442713513984 |
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| author | Taasim, Shairil Izwan Pinjaman, Saizal Albani, Aliashim |
| author_facet | Taasim, Shairil Izwan Pinjaman, Saizal Albani, Aliashim |
| author_sort | Taasim, Shairil Izwan |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | This paper attempts to investigate the energy consumption and trade openness by taking into consideration the economic growth among associations within countries of Asia. The database was constructed and restricted to a sub-region area in southeast Asia well knows as Brunei, Indonesia, Malaysia, and the Philippines or BIMP-EAGA. The initiative, established in 1994 aims to increase the economic development of its members. We employed panel data analysis to examine the said linkage using panel co-integration on data taken for the period between 1970 to 2016. The approaches for panel data were the dynamic ordinary least squares (DOLS) and fully modified ordinary least squares (FMOLS). From our analysis, the findings indicated a significance and positive relationship between energy consumption, trade openness and economic growth. Additionally, we noted that both indicators are important among association to foster economic wellbeing. Furthermore, the benefit of this initiative of collaboration was highly successful. |
| first_indexed | 2025-11-15T13:17:06Z |
| format | Article |
| id | upm-96779 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T13:17:06Z |
| publishDate | 2021 |
| publisher | EconJournals |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-967792022-12-01T08:08:08Z http://psasir.upm.edu.my/id/eprint/96779/ Does energy consumption and trade openness contribute to economic growth in the East Asian growth area? Taasim, Shairil Izwan Pinjaman, Saizal Albani, Aliashim This paper attempts to investigate the energy consumption and trade openness by taking into consideration the economic growth among associations within countries of Asia. The database was constructed and restricted to a sub-region area in southeast Asia well knows as Brunei, Indonesia, Malaysia, and the Philippines or BIMP-EAGA. The initiative, established in 1994 aims to increase the economic development of its members. We employed panel data analysis to examine the said linkage using panel co-integration on data taken for the period between 1970 to 2016. The approaches for panel data were the dynamic ordinary least squares (DOLS) and fully modified ordinary least squares (FMOLS). From our analysis, the findings indicated a significance and positive relationship between energy consumption, trade openness and economic growth. Additionally, we noted that both indicators are important among association to foster economic wellbeing. Furthermore, the benefit of this initiative of collaboration was highly successful. EconJournals 2021 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/96779/1/ABSTRACT.pdf Taasim, Shairil Izwan and Pinjaman, Saizal and Albani, Aliashim (2021) Does energy consumption and trade openness contribute to economic growth in the East Asian growth area? International Journal of Energy Economics and Policy, 11 (2). 23 - 29. ISSN 2146-4553 https://econjournals.com/index.php/ijeep/article/view/10644/5698 10.32479/ijeep.10644 |
| spellingShingle | Taasim, Shairil Izwan Pinjaman, Saizal Albani, Aliashim Does energy consumption and trade openness contribute to economic growth in the East Asian growth area? |
| title | Does energy consumption and trade openness contribute to economic growth in the East Asian growth area? |
| title_full | Does energy consumption and trade openness contribute to economic growth in the East Asian growth area? |
| title_fullStr | Does energy consumption and trade openness contribute to economic growth in the East Asian growth area? |
| title_full_unstemmed | Does energy consumption and trade openness contribute to economic growth in the East Asian growth area? |
| title_short | Does energy consumption and trade openness contribute to economic growth in the East Asian growth area? |
| title_sort | does energy consumption and trade openness contribute to economic growth in the east asian growth area? |
| url | http://psasir.upm.edu.my/id/eprint/96779/ http://psasir.upm.edu.my/id/eprint/96779/ http://psasir.upm.edu.my/id/eprint/96779/ http://psasir.upm.edu.my/id/eprint/96779/1/ABSTRACT.pdf |