Comparison of Energy Consumption to Economic Growth in Developing Asian and Developed Asian Countries

Abstract

This study will analyze the comparative use of Economic Stability Comparisons from the Consumption of Fossil and New and Sustainable Energy: Developed and Developing Countries in Asia, including developing countries Indonesia, Malaysia and Thailand and developed countries Japan, the United Arab Emirates and South Korea. This study uses a panel cross-section/observation form of 6 Asian countries by taking the category of 3 developing countries and 3 developed countries. The time series takes the period 2005-2021, using the ordinary least squares (OLS) method. The results of a study of 3 developing Asian countries namely Indonesia, Malaysia and Thailand GDP Per Unit Energy Use and consumption of sustainable energy have a positive and significant influence and consumption of fossil energy has no effect on growth. In the equation model of 3 developed Asian countries, namely Japan, the United Arab Emirates and South Korea, GDP per Unit Energy Use has a positive and significant influence, sustainable energy consumption has no effect on economic growth, fossil energy consumption has a positive and significant influence in region 3 developed Asian countries during 2005-2021.