nach oben

Erschienen in:

2024 | OriginalPaper | Buchkapitel

Assessing the Impact of Technology Advancement and Foreign Direct Investment on Energy Utilization in Malaysia: An Empirical Exploration with Boundary Estimation

verfasst von : Abdul Rahim Ridzuan, Nur Hayati Abd Rahman, Keshminder Singh Jit Singh, Halimahton Borhan, Mohammad Ridwan, Liton Chandra Voumik, Muhammad Ali

Erschienen in: Technology and Business Model Innovation: Challenges and Opportunities

Verlag: Springer Nature Switzerland

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

This study delves into Malaysia’s energy utilization dynamics. Energy consumption in Malaysia has surged with per capita income during the shift from a primary-sector-driven economy to an industrialized and urbanized sector. Sustainable resource management, particularly in the energy sector, is crucial for achieving long-term sustainability goals. Using Bound Estimation and annual data from 1985 to 2020, this research employs a comprehensive systems approach, considering economic growth, foreign direct investment, urbanization, governance, and innovation to assess energy determinants in Malaysia. The results highlight economic growth, foreign direct investment, rapid urbanization, and technological advancement as the primary drivers of increased energy usage. Corruption indirectly influences energy consumption. These findings highlight tailored energy policies, emphasizing promoting alternative energy sources to align with the nation’s development goals. Understanding the root causes of Malaysia’s escalating energy consumption equips policymakers with insights to formulate sustainable strategies, ensuring steady economic growth while addressing energy-related challenges.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 390 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Maschinenbau + Werkstoffe

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Nächstes Kapitel Leveraging Soft Power: A Study of Emirati Online Journalism Through Arabic Topic Modeling

The Unit Root result is available upon request.

Zhongye, S., Xin, Z., Yifei, G.: The impact of financial development on renewable energy consumption: a multidimensional analysis based on global panel data. Int. J. Environ. Res. Public Health 20(4), 3124 (2023). https://doi.org/10.3390/ijerph20043124CrossRef

Chong, C.H., Ni, W., Ma, L., Liu, P., Li, Z.: The use of energy in Malaysia: tracing energy flows from primary source to end use. Energies 8, 2828–2866 (2015)CrossRef

Wang, Y., Chen, L., Kubota, J.: The relationship between urbanization, energy use and carbon emissions: evidence from a panel of Association of Southeast Asian Nations (ASEAN) countries. J. Clean. Prod. 112, 136–137 (2016)CrossRef

United Nations. 2030 Agenda (2015). https://sustainabledevelopment.un.org/post2015/transformingourworld

Kuo, K.C., Sue, L.L., Chancham, K., Liu, M.: Energy consumption, GDP and foreign direct investment. Appl. Mech. Mater. 675, 1797–1809 (2014)CrossRef

Jiang, L., Ji, M.: China’s energy intensity determinants and spatial effects. Sustainability 8, 544 (2016)CrossRef

Yan, Z., Shi, R., Yang, Z.: ICT development and sustainable energy consumption: a perspective of energy productivity. Sustainability 10, 2568 (2018)CrossRef

Solarz, J., Gawlik-Kobylińska, M., Ostant, W., Maciejewski, P.: Trends in energy security education with a focus on renewable and nonrenewable sources. Energies 15(4), 1351 (2022). https://doi.org/10.3390/en15041351CrossRef

IEA. World Energy Outlook 2018. Paris (2018). https://www.iea.org/reports/world-energy-outlook-2018

10.

Halder, S., Dirmeyer, A.P., Saha, S.K.: Sensitivity of the mean and variability of Indian summer monsoon to land surface schemes in RegCM4: understanding coupled land-atmosphere feedbacks. J. Geophys. Res. Atmos. 120(18), 9437–9458 (2015)CrossRef

11.

Farabi, A., Abdullah, A., Setianto, R.H.: Energy consumption, carbon emissions and economic growth in Indonesia and Malaysia. Int. J. Energy Econ. Policy 9, 338 (2019)CrossRef

12.

Wang, R., Usman, M., Radulescu, M., Cifuentes-Faura, J., Balsalobre-Lorente, D.: Achieving ecological sustainability through technological innovations, financial development, foreign direct investment, and energy consumption in developing European countries. Gondwana Res. 119, 138–152 (2023). https://doi.org/10.1016/j.gr.2023.02.023CrossRef

13.

Shahbaz, M., Chaudhary, A.R., Ozturk, I.: Does urbanization cause increasing energy demand in Pakistan? Empirical evidence from STIRPAT model. Energy 122, 83–93 (2017)CrossRef

14.

Saudi, M.H.M., Sinaga, O., Jabarullah, N.H.: The role of renewable, non-renewable energy consumption and technology innovation in testing environmental Kuznets curve in Malaysia. Int. J. Energy Econ. Policy 9(1), 299–307 (2018). https://doi.org/10.32479/ijeep.7327

15.

Lin, S.L., Kwang, J.Y., Chin, Y.L., Yee, L.C., Eng, H.L.: Investigating the determinants of renewable energy consumption in Malaysia: an ARDL approach. Int. J. Bus. Soc. 19(3) (2018)

16.

Usman, M., Hammar, N.: Dynamic relationship between technological innovations, financial development, renewable energy, and ecological footprint: fresh insights based on the STIRPAT model for Asia Pacific Economic Cooperation countries. Environ. Sci. Pollut. Res. 28(12), 15519–15536 (2021)CrossRef

17.

Baloch, M.A., Zhang, J., Iqbal, K., Iqbal, Z.: The effect of financial development on ecological footprint in BRI countries: evidence from panel data estimation. Environ. Sci. Pollut. Res. 26, 6199–6208 (2019)CrossRef

18.

Chandran, V.G.R., Tang, C.F.: The impacts of transport energy consumption, foreign direct investment and income on CO2 emissions in ASEAN-5 economies. Renew. Sustain. Energy Rev. 24, 445–453 (2013)CrossRef

19.

Saqib, N., Ozturk, I., Usman, M., Sharif, A., Razzaq, A.: Pollution Haven or Halo? How European Countries Leverage FDI, energy, and human capital to alleviate their ecological footprint. Gondwana Res. 116, 136–148 (2023)CrossRef

20.

Solarin, S.A., Al-Mulali, U.: Influence of foreign direct investment on indicators of environmental degradation. Environ. Sci. Pollut. Res. 25, 24845–24859 (2018)CrossRef

21.

Shahbaz, M., Jam, F.A., Bibi, S., Loganathan, N.: Multivariate Granger causality between CO2 emissions, energy intensity and economic growth in Portugal: evidence from cointegration and causality analysis. Technol. Econ. Dev. Econ. 22, 47–74 (2016)CrossRef

22.

Adams, S.: Foreign direct investment, domestic investment, and economic growth in Sub-Saharan Africa. J. Policy Model. 31(6), 939–949 (2009). https://doi.org/10.1016/j.jpolmod.2009.03.003CrossRef

23.

Adams, S., Klobodu, E.K.M.: Capital flows and economic growth revisited: evidence from five Sub-Saharan African countries. Int. Rev. Appl. Econ. 32(5), 620–640 (2018). https://doi.org/10.1080/02692171.2017.1355357CrossRef

24.

Shahbaz, M., Álvarez-Herránz, A., Balsalobre, D., Cantos, J.M.: Energy innovations-GHG emissions nexus: fresh empirical evidence from OECD countries. Energy Policy 101, 90–100 (2017)CrossRef

25.

Udemba, E.N., Philip, L.D., Emir, F.: Performance and sustainability of environment under entrepreneurial activities, urbanization and renewable energy policies: a dual study of Malaysian climate goal. Renew. Energy 189, 734–743 (2022). https://doi.org/10.1016/j.renene.2022.03.024CrossRef

26.

IEEJ. Energy Transition and a Thorny Path for 3E Challenges—Energy, Environment and Economy (2019). https://eneken.ieej.or.jp/data/8122.pdf

27.

Khan, I., Hou, F., Le, H.P., Ali, S.A.: Do natural resources, urbanization, and value-adding manufacturing affect environmental quality? Evidence from the top ten manufacturing countries. Resour. Policy 72, 102109 (2021). https://doi.org/10.1016/j.resourpol.2021.102109CrossRef

28.

Shahbaz, M., Loganathan, N., Taneem Muzaffar, A., Ahmed, K., Jabran, M.A.: How Urbanization Affects CO2 Emissions in Malaysia? The Application of STIRPAT Model

29.

Lafrance, I.L.: Modelling the electricity consumption of cities: effect of urban density. Energy Econ. 26, 49–55 (1999)

30.

Pachauri, S., Jiang, L.: The household energy transition in India and China. Energy Policy 36, 4022–4035 (2008)CrossRef

31.

Ke, L., Lin, B.: Impacts of urbanization and industrialization on energy consumption/CO2 emissions: does the level of development matter? Renew. Sustain. Energy Rev. 52, 1107–1122 (2015)CrossRef

32.

Chang, C.P., Wen, J., Zheng, M., Dong, M., Hao, Y.: Is higher government efficiency conducive to improving energy use efficiency? Evidence from OECD countries. Econ. Model. 72, 65–77 (2018). https://doi.org/10.1016/j.econmod.2018.01.006CrossRef

33.

Cadoret, I., Padovano, F.: The political drivers of renewable energies policies. Energy Econ. 56, 261–269 (2016). https://doi.org/10.1016/j.eneco.2016.03.003CrossRef

34.

Lockwood, B., Lockwood, M.: How do right-wing populist parties influence climate and renewable energy policies? Evidence from OECD countries. Glob. Environ. Politics 22(3), 12–37 (2022)CrossRef

35.

Harchaoui, S., Chatzimpiros, P.: Can agriculture balance its energy consumption and continue to produce food? A framework for assessing energy neutrality applied to French agriculture. Sustainability 10(12), 4624 (2018). https://doi.org/10.3390/su10124624CrossRef

36.

Li, Y., Solaymani, S.: Energy consumption, technology innovation and economic growth nexuses in Malaysian. Energy 232, 121040 (2021). https://doi.org/10.1016/j.energy.2021.121040CrossRef

37.

Murad, M.W., Alam, M.M., Noman, A.H.M., Ozturk, I.: Dynamics of technological innovation, energy consumption, energy price and economic growth in Denmark. Environ. Prog. Sustain. Energy 38(1), 22–29 (2019). https://doi.org/10.1002/ep.12905CrossRef

38.

Ang, J.B.: CO2 emissions, energy consumption, and output in France. Energy Policy 35(10), 4772–4778 (2007). https://doi.org/10.1016/j.enpol.2007.03.032CrossRef

39.

Reddy, K., et al.: The Effect of Renewable Energy Consumption on Economic Growth: Evidence from the Renewable Energy Country Attractive Index

40.

Nicholson, W., Snyder, C.M.: Intermediate microeconomics and its application. Cengage Learn. (2021)

41.

Alam, M.M., Murad, M.W.: The impacts of economic growth, trade openness and technological progress on renewable energy use in organization for economic co-operation and development countries. Renew. Energy 145, 382–390 (2020)CrossRef

42.

Friedman, M.: The Marshallian demand curve. J. Polit. Econ. 57(6), 463–495 (1949)CrossRef

43.

Pesaran, M.H., Shin, Y., Smith, R.J.: Bounds testing approaches to the analysis of level relationships. J. Appl. Economet. 16(3), 289–326 (2001)CrossRef

Titel: Assessing the Impact of Technology Advancement and Foreign Direct Investment on Energy Utilization in Malaysia: An Empirical Exploration with Boundary Estimation
verfasst von: Abdul Rahim Ridzuan
Nur Hayati Abd Rahman
Keshminder Singh Jit Singh
Halimahton Borhan
Mohammad Ridwan
Liton Chandra Voumik
Muhammad Ali
Verlag: Springer Nature Switzerland
Buch: Technology and Business Model Innovation: Challenges and Opportunities
Print ISBN: 978-3-031-55910-5

Electronic ISBN: 978-3-031-55911-2

Copyright-Jahr: 2024
DOI: https://doi.org/10.1007/978-3-031-55911-2_1

Premium Partner

Marktübersichten

Die im Laufe eines Jahres in der „adhäsion“ veröffentlichten Marktübersichten helfen Anwendern verschiedenster Branchen, sich einen gezielten Überblick über Lieferantenangebote zu verschaffen.

Zur Marktübersicht

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Technik"

Springer Professional "Wirtschaft"

Premium Partner

Marktübersichten