Short-run and long-run effect of oil consumption on economic growth: ECM model

Sofyan Syahnur, Endra Endra, Said Muhammad

Abstract

The aim of this study is to investigate the effect of oil consumption on economic growth of Aceh in the long-run and short-run by using Error Correction Model (ECM) model during the period before the world commodity prices fall of 1985–2008. Four types of oil consumption will be focused on Avtur, Gasoline, Kerosene and Diesel. The data is collected from Central Bureau of Statistics of Aceh (BPS Aceh). The result of this study shows a merely positive effect of oil consumption type diesel to economic growth in Aceh both in the short run and the long run.

Keywords

Oil Consumption, Economic Growth, price, ECM

Full Text:

PDF

Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM




Copyright (c) 2016 Economic Journal of Emerging Markets




Economic Journal of Emerging Markets (EJEM)

ISSN 1410-2641 (print), 2502-180X (online)
Email: editor.ejem@uii.ac.id

Indexed in:

Creative Commons License

Economic Journal of Emerging Markets by https://journal.uii.ac.id/JEP/ is licensed under a Creative Commons Attribution 4.0 International License.