Dynamic Effects of Energy Transition and Financial Development on Carbon Productivity: Empirical Evidence from Indonesia
エネルギー転換と金融発展が炭素生産性に与える動的効果：インドネシアの実証的証拠 (AI 翻訳)
Ditto Satrio Wicaksono, Budiasih Budiasih
🤖 gxceed AI 要約
日本語
本研究は、インドネシアの1982年から2024年のデータを用いて、エネルギー転換と金融発展が炭素生産性に与える動的影響を誤差修正モデルで分析。結果、エネルギー効率と再生可能エネルギー利用が炭素生産性を向上させ、金融発展も正の効果を持つが規模は小さい。エネルギー効率が最も影響力が大きく、政策提言としてエネルギー効率政策の強化、再生可能エネルギー展開、グリーンファイナンス拡大が示された。
English
This study examines the dynamic effects of energy transition and financial development on carbon productivity in Indonesia using ECM on data from 1982 to 2024. Results show that energy efficiency and renewable energy use improve carbon productivity, while financial development has a modest positive effect. Energy efficiency is the most influential variable. Policy recommendations include strengthening energy efficiency, accelerating renewable deployment, and expanding green finance.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドネシアの実証研究だが、エネルギー効率政策の重要性やグリーンファイナンスの役割は日本のGX戦略にも共通する示唆を与える。ただし、インドネシア特有の資源依存経済と日本の産業構造の違いには留意が必要。
In the global GX context
This empirical study from Indonesia contributes to the global literature on energy transition and carbon productivity, highlighting the dominance of energy efficiency. The findings on financial development's modest role offer nuanced insights for transition finance policy in emerging economies.
👥 読者別の含意
🔬研究者:Provides empirical evidence on the drivers of carbon productivity in an emerging economy, useful for cross-country comparisons.
🏢実務担当者:Offers insights into policy priorities for improving carbon productivity, particularly the dominance of energy efficiency over financial development.
🏛政策担当者:Emphasizes the need for integrated policies on energy efficiency, renewable energy, and green finance to support net-zero goals.
📄 Abstract（原文）
Research Originality: This study offers a new perspective on carbon productivity in Indonesia, exploring how energy transition and financial development influence carbon productivity in the short and long term. It provides valuable insights into the mechanisms driving a low-carbon economy, a topic which the existing literature does not fully cover. Research Objectives: This study aims to determine the dynamic effects of energy transition and financial development on carbon productivity. Research Method: An error-correction mechanism (ECM) was employed, using Indonesian data from 1982 to 2024. The selection of ECM was predicated on its demonstrated aptitude to discern the temporal dynamics of variables, both in the immediate and extended periods. Empirical Results: The results show that energy efficiency and renewable energy use improve carbon productivity. Financial development also has a positive effect, although its magnitude is modest. Energy efficiency is the most influential variable. Additional variables show that natural resource rent has a positive effect, while globalization is statistically insignificant. The error-correction term is negative and significant, confirming convergence toward a long-run equilibrium. Implications: The government must strengthen energy-efficiency policy, accelerate renewable energy deployment, expand green-oriented finance, and allocate natural resource revenues towards sustainable infrastructure and low-carbon investment. These measures support Indonesia’s development and net-zero transition. JEL Classification: Q4, Q5, O13, O16, O44
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.15408/etk.v25i1.45443first seen 2026-06-07 04:42:38
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