Green Energy, Globalization, FDI and Government Debt in Indonesia

English

Authors

  • Ayu Cahyani STIE Jaya Negara Tamansiswa Malang
  • Devi Ekayanti STIE Jaya Negara Tamansiswa Malang
  • Durrotus Sa'adah STIE Jaya Negara Tamansiswa Malang
  • Achmad Muzakky STIE Jaya Negara Tamansiswa Malang
  • Adi Sugiarto STIE Jaya Negara Tamansiswa Malang
  • Aditya Wahyu Eko Prasetyo STIE Jaya Negara Tamansiswa Malang

Keywords:

Green Energy, Globalization, FDI,Government Debt

Abstract

The link between renewable energy usage, public debt, globalization, FDI, and institutional quality
in Indonesia from 1990 to 2021 is examined in this study. All study variables show stationary after
the first difference. Cointegration tests have been used to demonstrate the long-term link between
the variables provided and the variables specified. This study found that institutional quality and
trends in government debt were shown to be negatively correlated. Where the debt of the
Indonesian government is significantly inversely the quality of institutions in Indonesia.
Globalization, financial development, and FDI reinforce each other in Indonesia and strengthen the
quality of institutions in Indonesia. In contrast, Indonesian government debt was disclosed to
suppress the institutional quality of the Indonesian government which in turn suppressed the
Indonesian economy including FDI. Renewable energy consumption positively affects institutional
quality

Downloads

Published

2023-01-02

Issue

Vol. 8 No. 1 (2023): Tamansiswa Accounting Journal International

Section

Articles