The Correlation of Financial Development on Energy Consumption, A Study Case in Indonesia
Ririn Tri Ratnasari, Nadira Rahmandani
Universitas Airlangga
Abstract
The relationship between energy consumption and financial development is still uncertain. This study aim to analyses the correlation between energy consumption, financial development, and energy price. This study will use regression model, ordinary least square (OLS) with time series data from 2002-2014. The result show that the regression model is statistically significant, but only energy price that significantly determine the model.
Keywords: Financial development, Energy Consumption, Energy Price
Topic: Energy Economics