Impact of Macro Economic Factors and Financial Development on Energy Projects - Case in ASEAN Countries

ASEAN (The Association of SouthEast Asian Nations) demand on energy is depending on economic growth of each country, resources, and political and regulations of each country. This study aims to investigate the role of international trade, financial development, foreign direct investment (FDI) on the...

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Bibliographic Details
Published in:Management (Zielona Góra) 2020-01, Vol.24 (2), p.146-157
Main Authors: Hanh, Hoang Thanh, Huy, Dinh Tran Ngoc, Phuong, Nguyen Thi Thanh, Nga, Le Thi Viet, Anh, Pham Tuan
Format: Article
Language:English
Subjects:
Commerce
E44
E60
Energy projects
Financial Development
Foreign investment
International trade
macro policies
Renewable resources
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Summary:ASEAN (The Association of SouthEast Asian Nations) demand on energy is depending on economic growth of each country, resources, and political and regulations of each country. This study aims to investigate the role of international trade, financial development, foreign direct investment (FDI) on the consumption of renewable energy (RE) in ASEAN countries of the world. The findings explore that positive nexus among the international trade, real output, financial development, foreign direct investment and consumption of RE. Last but not least, this paper will propose several recommendations and policy suggestion for ASEAN countries to manage and encourage better renewable energy projects in the region. One of its original value is that, in the globalization and integration era, environment pollution will affect all ASEAN countries and in the region, so these nations need to link together to implement renewable projects for environment pr otection and for further generation.
ISSN:1429-9321
2299-193X
2299-193X
DOI:10.2478/manment-2019-0051