Turkish Journal of Computer and Mathematics Education
Journal license

Journal

Turkish Journal of Computer and Mathematics Education


Volume
& Issue

Volume 12, Issue 3


Published
on

April 5, 2021


Pages

5034-5041


DOI

Article

Macroeconomic Factors Affect the Electricity Consumption: A Case of ASEAN Countries


Authors

Munirah Ramli Affiliation:
College of Business and Accounting, Universiti Tenaga Nasional, 26700 Pahang, Malaysia
, Noriza Mohd Saad Affiliation:
Faculty of Business Management, Universiti Teknologi Mara (UiTM) Machang, 18500 Kelantan, Malaysia
and Zulkifli Abdullah Affiliation:
College of Business and Accounting, Universiti Tenaga Nasional, 26700 Pahang, Malaysia


Abstract

The ASEAN Centre of Energy (ACE) aims to improve electricity accessibility among all 10 members. Electricity consumption is concerned globally, since it is main intermediate input of production in pursuing economic growth in this era Industrial Revolution 5.0. The motivation of this study is to examine the key elements that derives the electricity consumption in all Association of Southeast Asian Nations (ASEAN) countries from year 2000 to 2018. A panel data is utilized to investigate the relationship between urban population, industrial structure and financial development towards electricity consumption (kWh) using linear regression model (Pooled OLS, Random Effect, and Fixed Effect models). Results found that rapid growth of urban population gives a great impact to electricity consumption. Thailand and Vietnam have the highest positive interception using Fixed Effect model estimation. The findings of this research suggests the government to explore new energy sources to meet the increased demand of electricity while balancing the environmental sustainabilit.


Keywords

Electricity Consumption, ASEAN, Panel Data, Urban Population, Industrial Structure, Financial Development


Citation

Ramli, M., Saad, N. M., & Abdullah, Z. (2021). Macroeconomic factors affect the electricity consumption: A case of ASEAN countries. Turkish Journal of Computer and Mathematics Education, 12(3), 5034–5041.

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