Publication:
Comprehensive Outlook on Macroeconomic Determinants for Renewable Energy in Malaysia

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dc.citedby17
dc.contributor.authorMohamed Yusoff N.Y.en_US
dc.contributor.authorRidzuan A.R.en_US
dc.contributor.authorSoseco T.en_US
dc.contributor.authorWahjoedien_US
dc.contributor.authorNarmaditya B.S.en_US
dc.contributor.authorAnn L.C.en_US
dc.contributor.authorid55812094300en_US
dc.contributor.authorid57201919567en_US
dc.contributor.authorid57194284145en_US
dc.contributor.authorid57194274854en_US
dc.contributor.authorid57194286237en_US
dc.contributor.authorid58139294500en_US
dc.date.accessioned2024-10-14T03:18:57Z
dc.date.available2024-10-14T03:18:57Z
dc.date.issued2023
dc.description.abstractMitigating global warming has been a challenge, and policymakers are responding to this issue by strengthening the commitment to enhance the renewable energy target from 20 to 31 percent in 2025 for Malaysia. However, adopting renewable energy in stages based solely on microeconomic factors, such as the price of energy, is insufficient. Thus, it is essential to investigate the macroeconomic variables that influence the share of renewable energy in Malaysia. In detail, this study introduces selected macroeconomic indicators, including gross domestic investment, domestic investment, foreign direct investment, trade openness, urbanization, financial development, and carbon emissions level, and their impact on renewable energy in Malaysia. The study utilized ARDL (Auto-Regressive-Distributed Lag) estimation based on annual time series data spanning 50 years of observations, beginning in 1971 and ending in 2020. Long-run elasticities show that greater economic development and urbanization increase the proportion of renewable energy. In contrast, increased foreign investment, trade liberalization, and carbon emissions could reduce the use of these clean energies. This paper concludes with a policy recommendation that could assist the country in achieving its goal of implementing a low-carbon, renewable energy-focused state policy. � 2023 by the authors.en_US
dc.description.natureFinalen_US
dc.identifier.ArtNo3891
dc.identifier.doi10.3390/su15053891
dc.identifier.issue5
dc.identifier.scopus2-s2.0-85149989563
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-85149989563&doi=10.3390%2fsu15053891&partnerID=40&md5=6995d3240e5114d5bc18f3816c6fc057
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/34307
dc.identifier.volume15
dc.publisherMDPIen_US
dc.relation.ispartofAll Open Access
dc.relation.ispartofGold Open Access
dc.sourceScopus
dc.sourcetitleSustainability (Switzerland)
dc.subjectARDL
dc.subjectlower carbon
dc.subjectmacroeconomic
dc.subjectMalaysia
dc.subjectrenewable energy
dc.subjectMalaysia
dc.subjectalternative energy
dc.subjecteconomic development
dc.subjectglobal warming
dc.subjectimplementation process
dc.subjectmacroeconomics
dc.subjecttime series
dc.subjecturbanization
dc.titleComprehensive Outlook on Macroeconomic Determinants for Renewable Energy in Malaysiaen_US
dc.typeArticleen_US
dspace.entity.typePublication
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