Role of Renewable and Nonrenewable Energy on Agricultural Economics in Indonesia

Recently, the prominent involvement of energy in the agriculture sector significantly influences agriculture economics and needs researchers’ focus. Hence, the current article examines the impact of renewable energy production (REP) and consumption, fossil fuel energy consumption (FFEC) and energy i...

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Bibliographic Details
Published inInternational journal of energy economics and policy Vol. 12; no. 3; pp. 352 - 360
Main Authors Nendissa, Doppy Roy, Iriany, Atiek, Sui, Jeky Melkianus, Khoiriya, Nikmatul, Suphattanakul, Onuma, Wisetsri, Worakamol
Format Journal Article
LanguageEnglish
Published Mersin EconJournals 01.07.2022
Subjects
Agribusiness
Agricultural economics
Agriculture
agriculture economics
Biodiesel fuels
Biofuels
Economic activity
Energy consumption
Energy economics
Energy exports & imports
energy import
energy use
Farmers
Fishing industry
fossil fuel energy consumption
Fossil fuels
GDP
Gross Domestic Product
Renewable energy production
Renewable resources
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Summary:Recently, the prominent involvement of energy in the agriculture sector significantly influences agriculture economics and needs researchers’ focus. Hence, the current article examines the impact of renewable energy production (REP) and consumption, fossil fuel energy consumption (FFEC) and energy import and use on the agriculture economics in Indonesia. The researchers have followed the secondary source of data collection, such as world development indicators (WDI) and extracted data from 1986 to 2020. The current research has used the Augmented Dickey-Fuller (ADF) test for checking the unit root and autoregressive distributed lag (ARDL) to test the nexus among constructs. The results revealed that renewable energy production and consumption, fossil fuel energy consumption and energy import and use have a positive association with agriculture economics in Indonesia. This study provides guidelines to the policymakers while developing regulations related to the improvement of agriculture economics.
ISSN:2146-4553
2146-4553
DOI:10.32479/ijeep.13036