Tag: economic growth

DYNAMIC HYDROELECTRICITY CONSUMPTION AND ECONOMIC GROWTH IN APEC COUNTRIES AND INDIA

ALIASUDDIN

Associate Professor at the Department of Economics, Fakultas Ekonomi dan Bisnis, Universitas Syiah Kuala, Banda Aceh, Indonesia

aliasuddin@unsyiah.ac.id

Reka RAMADHANA

Student at the Department of Economics, Fakultas Ekonomi dan Bisnis, Universitas Syiah Kuala, Banda Aceh, Indonesia

rekaramadhana@gmail.com

Abstract

This study is to analyze the effect of economic growth on hydroelectricity consumption in APEC countries and India. The study uses panel data from 1994 to 2016 with 391 total samples, where the variables in the study are economic growth and hydroelectricity consumption.  Panel ARDL is utilized to analyze both short-run and long-run economic growth effects on hydroelectricity consumptions.  The results show that there is a positive and significant effect of economic growth on hydroelectricity consumptions in APEC countries and India.  To minimize the productions of carbon dioxide, it is recommended to optimize hydroelectricity consumptions in this area because this area is the highest carbon dioxide producers in the world.  It is crucial to achieving sustainability in productions and consumptions in this region.

Keywords: hydroelectricity, economic growth, APEC, Panel ARDL

JEL classification: Q01, Q32, Q35, Q43
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IS THERE A CAUSALITY RELATIONSHIP BETWEEN LAW ENFORCEMENT, CRIME RATES, AND ECONOMIC GROWTH? AN EMPIRICAL EVIDENCE FROM WESTERN INDONESIA

Syarifuddin HASYIM

Senior Lecturer, Faculty of Law, Universitas Syiah Kuala, Banda Aceh, Indonesia

syarifuddin_hasyim@unsyiah.ac.id

Muhammad ZULHILMI

Senior Lecturer, Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-raniry, Banda Aceh, Indonesia

muha.zul@gmail.com

Khairul AMRI

Lecturer, Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-raniry,

Banda Aceh, Indonesia

khairul.amri@ar-raniry.ac.id

(corresponding author)

Abstract

The economic impact of law enforcement and crime rates empirically has not been widely revealed by researchers. In fact, in general, economic activities can be related to security factors. This study analyzes the influence of law enforcement and crime on economic growth. Using a panel data set of 8 provinces from western Indonesia during the period 2006-2017, the study found that there were no long-run relationships between the three variables. In the short-run, law enforcement and crime rates have a positive and significant effect on economic growth. Law enforcement has a significant and negative effect on crime rates, and vice versa crime rates have a positive and significant effect on law enforcement. The results of the Granger causality test indicate the existence of bidirectional causality between crime rates and law enforcement and between law enforcement and economic growth. Furthermore, unidirectional causality exists running from crime to economic growth.

Keywords: Economic Growth, Law Enforcement, Crime Rates, Panel Vector Autoregressive, and Granger Causality Test.

JEL classification: K14, K42, O47
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TOURISM AND ECONOMIC GROWTH NEXUS IN INDONESIA: THE DYNAMIC PANEL DATA APPROACH

Elvina PRIMAYESA

Faculty of Economics and Business, Diponegoro University, Semarang, Indonesia, Faculty of Economics, Andalas University, Padang, Indonesia

yesa040486@gmail.com

Wahyu WIDODO

Faculty of Economics and Business, Diponegoro University, Semarang, Indonesia

wahyuwid2002@live.undip.ac.id

F.X. SUGIYANTO

Faculty of Economics and Business, Diponegoro University, Semarang, Indonesia

fxsugiyanto09@gmail.com

Abstract

The positive impact of tourism on economic growth is generally influenced by various indicators at both global and national levels. However, the question remains whether tourism encourages economic growth or vice versa. This paper examines the importance of tourism as a conditioning factor for economic growth in Indonesia. The validity of the relationship between tourism and economic growth can be examined by using the dynamic panel data estimation approach and convergence analysis to provide evidence of the impact of tourism on economic growth in Indonesia. In accordance with the initial hypothesis on tourism and economic growth, the result shows that the former can encourage the latter, although there is no indication of convergence among provinces in Indonesia. Therefore, if the supply characteristics of the tourism sector are improved, then it can be considered as an alternative source for stimulating economic growth in Indonesia.

Keywords: Economic Growth, Tourism, Dynamic Panel Data, Convergence

JEL classification: C23, L83, O40, O53
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