Energy Consumption and Government Policy in Addressing the Rising Fuel Oil Prices
This study aims to determine the effect of economic growth, per capita income, world oil prices and the amount of subsidies on energy consumption in Indonesia both in the short and long term. As well as knowing the policies carried out by the government to overcome the increase in fuel prices. The d...
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| Format: | UMS Journal (OJS) |
| Language: | eng |
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Muhammadiyah University Press
2024
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| Online Access: | https://journals.ums.ac.id/index.php/JEP/article/view/23102 |
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| author | Istiqomah, Nurul Mafruhah, Izza Wilyawati, Arieska Kurnia Mayasari, Febi Salleh, Norlida Hanim Mohd |
| author_facet | Istiqomah, Nurul Mafruhah, Izza Wilyawati, Arieska Kurnia Mayasari, Febi Salleh, Norlida Hanim Mohd |
| author_sort | Istiqomah, Nurul |
| collection | OJS |
| description | This study aims to determine the effect of economic growth, per capita income, world oil prices and the amount of subsidies on energy consumption in Indonesia both in the short and long term. As well as knowing the policies carried out by the government to overcome the increase in fuel prices. The data used is secondary data from 1972 - 2022 and analyzed using ECM Domowitz-El Badawi and Atlas.ti which is used to organize, explore and analyze data on policies made by the government to overcome rising fuel prices. The analysis shows that economic growth, per capita income and the size of subsidies have a long-run effect on energy consumption, while world oil prices have both a short and long-run effect on energy consumption. The reduction of subsidies that caused fuel prices to increase had both positive and negative effects on society, and the government made several policy efforts to overcome the turmoil that existed in the community. Among them are adjusting fuel prices and prices of other affected goods, limiting ownership of motorized vehicles, maintaining a stable supply of fuel in the long term and increasing supervision and enforcement in fuel abuse. |
| format | UMS Journal (OJS) |
| id | oai:ojs2.journals.ums.ac.id:article-23102 |
| institution | Universitas Muhammadiyah Surakarta |
| language | eng |
| publishDate | 2024 |
| publisher | Muhammadiyah University Press |
| record_format | ojs |
| spelling | oai:ojs2.journals.ums.ac.id:article-23102 Energy Consumption and Government Policy in Addressing the Rising Fuel Oil Prices Istiqomah, Nurul Mafruhah, Izza Wilyawati, Arieska Kurnia Mayasari, Febi Salleh, Norlida Hanim Mohd Consumption; Energy; ECM Domowitz-El Badawi; Oil Prices; Subsidies O13; O44; Q430 This study aims to determine the effect of economic growth, per capita income, world oil prices and the amount of subsidies on energy consumption in Indonesia both in the short and long term. As well as knowing the policies carried out by the government to overcome the increase in fuel prices. The data used is secondary data from 1972 - 2022 and analyzed using ECM Domowitz-El Badawi and Atlas.ti which is used to organize, explore and analyze data on policies made by the government to overcome rising fuel prices. The analysis shows that economic growth, per capita income and the size of subsidies have a long-run effect on energy consumption, while world oil prices have both a short and long-run effect on energy consumption. The reduction of subsidies that caused fuel prices to increase had both positive and negative effects on society, and the government made several policy efforts to overcome the turmoil that existed in the community. Among them are adjusting fuel prices and prices of other affected goods, limiting ownership of motorized vehicles, maintaining a stable supply of fuel in the long term and increasing supervision and enforcement in fuel abuse. Muhammadiyah University Press Faculty of Economic and Business Universitas Sebelas Maret 2024-06-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://journals.ums.ac.id/index.php/JEP/article/view/23102 10.23917/jep.v25i1.23102 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan; Vol 25, No 1 (2024): JEP 2024; 1-20 2460-9331 1411-6081 eng https://journals.ums.ac.id/index.php/JEP/article/view/23102/9019 Copyright (c) 2024 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan https://creativecommons.org/licenses/by/4.0 |
| spellingShingle | Consumption; Energy; ECM Domowitz-El Badawi; Oil Prices; Subsidies O13; O44; Q430 Istiqomah, Nurul Mafruhah, Izza Wilyawati, Arieska Kurnia Mayasari, Febi Salleh, Norlida Hanim Mohd Energy Consumption and Government Policy in Addressing the Rising Fuel Oil Prices |
| title | Energy Consumption and Government Policy in Addressing the Rising Fuel Oil Prices |
| title_full | Energy Consumption and Government Policy in Addressing the Rising Fuel Oil Prices |
| title_fullStr | Energy Consumption and Government Policy in Addressing the Rising Fuel Oil Prices |
| title_full_unstemmed | Energy Consumption and Government Policy in Addressing the Rising Fuel Oil Prices |
| title_short | Energy Consumption and Government Policy in Addressing the Rising Fuel Oil Prices |
| title_sort | energy consumption and government policy in addressing the rising fuel oil prices |
| topic | Consumption; Energy; ECM Domowitz-El Badawi; Oil Prices; Subsidies O13; O44; Q430 |
| topic_facet | Consumption; Energy; ECM Domowitz-El Badawi; Oil Prices; Subsidies O13; O44; Q430 |
| url | https://journals.ums.ac.id/index.php/JEP/article/view/23102 |
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