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Abstract

Economic development in the South East Asia, which is at the stage of industrialization, has high dependency on energy consumption. This paper examines the relationship between energy consumption and economic development in the region. Using cross-sectional data, this study find the relationship between energy demand and per capita GDP, population and industrial share of output. Oil contributes 80% to energy consumption followed by electricity and natural gas. The result also shows no evidence of relationship between economic crisis and energy consumption. It suggest diversification of energy use and promoting more efficient alternative energy source to increase economic growth.

Bahasa Abstract

Perekonomian Asia Tenggara yang berada pada tahap industrialisasi memiliki tingkat ketergantungan yang tinggi terhadap konsumsi energi. Studi ini ingin mempelajari hubungan antara konsumsi energi dan pembangunan ekonomi di Asia Tenggara. Dengan menggunakan model data panel, ditemukan bahwa permintaan energi mempunyai hubungan dengan PDB per kapita, populasi, dan kontribusi industri. Minyak bumi berkontribusi sebesar 80% untuk konsumsi energi dan diikuti oleh listrik dan gas bumi. Studi ini juga menunjukkan tidak adanya hubungan antara krisis ekonomi dengan konsumsi energi. Berdasarkan temuan ini, diperlukan kegiatan diversifikasi penggunaan energi dan mempromosikan sumber energi baru yang lebih efisien guna meningkatkan pertumbuhan ekonomi.

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