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Factors Affecting Fossil Fuels Consumption in Malaysia
Siti Norasmida binti Che Mohd Salam
Supervisor: Prof. Madya. Dr Azlina Binti Abd Aziz
Bachelor of Economics (Natural Resources)
School of Social and Economic Development
Fossil fuels are an important resource that generates the economic growth of a
country. However, fossil fuels is a non-renewable energy that gives negative impacts
toward environment in Malaysia. The purpose of this study is to examine the effects
of price, population, export and import on consumption of fossil fuels in Malaysia. The
time series data were applied from 1980 to 2015. The ARDL approach was used as a
method in this study. The final results showed that population, export and import have
positive influence on fossil fuel consumption. In short-run, only population and export
are positively affects the consumption of fossil fuel. The implication of this study is
that government need to focus on technology development that reduces the use of
non-renewable resources and should pay attention to factors affecting fossil fuel
consumption.
Keyword: Fossil fuel consumption, non-renewable energy, price, population, export,
import, ARDL
1368 | UMT UNDERGRADUATE RESEARCH DAY 2018