Journal of Security and Sustainability Issues

The prime objective of the current study is to examine the influence of infrastructure of transportation on economic growth for various countries in ASEAN. This influence differs in terms of administrative status and quality of infrastructure across the counties. GDP has been used as an economic growth measure in terms of per worker along with various kinds of infrastructure of transportation for years 2002–2017. Therefore, a short model has been incorporated with capital stock of railways and roads. Two variables have been incorporated to differentiate rods with different covering and quality. In the next step, the administrative status of roads has been distinguished. The results have revealed difficulty in interpretation because of the problem of endogeneity and reverse causality. Therefore, the research model was modified by including the lag values of variables of infrastructure of transportation for getting robust estimates. The unit root test has been performed and first differences in model ere used to obtain stationary time series. It was found that GRP per worker is greatly influenced by overall roads stock. This is because of the use of such roads for large traffic load. The regional growth of economy is greatly influenced by the light covering roads rather than national roads of similar quality/covering. The influence of local government’s quality was controlled on development of economy. The turnout of voters was used as proxy variable for the local government’s quality. It was found that the influence of infrastructure of transportation stock in the areas (where government is of better quality) has not much influence on GRP per worker. Different kinds of infrastructure of transportation have been shown by this research being the drivers of growth of economy in. The administrative status and quality of covering roads creates an influence on the growth of economy. Based on the findings of study, the following recommendations have been made. There is need to develop national roads to improve the economic performance. Further, there is need to improve the quality of countries. However, the influence of infrastructure transportation is high where the government has low quality and overall capital stock influence is high where the government is of good quality (Crescenzi, Cataldo, & Rodríguez, 2016). In future, researches can be conducted by focusing on the influences of other variables of infrastructure including electricity lines, supply of water and for long time periods. The future studies can work on investigating the network effect of transportation infrastructure in ASEAN.

The prime aim of the study was to investigate the impact of the financial inflows on the economic growth of ASEAN economies. Meanwhile, the study has examined the moderating role of currency crisis in the relationship between financial inflows and the economic growth of ASEAN countries. The study has employed the panel data methodology to achieve the research objectives. Theoretically and empirically it seems that foreign capital inflows have different possible effects on growth and development performance of an economy. If foreign capital inflows are used in an efficient and productive manner then, they will promote country ‘s growth performance. If foreign capital inflows are used in unproductive manner then they will not contribute in a long run, their impact on economic development will only for a short run. Furthermore, the financial crisis (currency crisis) also have a significant influence in the attraction of foreign capital inflows. These financial crises effect the flow of foreign capital inflows among the countries. The results suggest that the flow of workers ‘remittances in the country has significant positive impact on economic growth. Moreover, the banking and systemic crisis hurt the relationship between REM and EG. Worker remittances are considered as a boon to the countries. It has a positive association with the economic growth and acts a stabilizer during the financial crisis. To ensure the effective inflows of the remittance the government should encourage that remittance should be transferred through formal channels, this can be done by giving cost effective financial services to the remitter, linking the remittance transfer with mobile networks and banks that charge low prices.

The general objective of this study is to estimate the relationship between electricity consumption, economic performance and the price of electricity in four sectors namely the industrial, commercial, mining and agricultural by using the panel data approach on leading ASEAN countries. The present study intends to contribute significantly to the existing literature by presenting a comprehensive approach of the issue of electricity consumption in Thailand. The information of electricity consumption in the industrial, commercial, agricultural and mining sectors is essential to understand the magnitude of the sectors’ sensitivity to change with respect to GDP and electricity price. Moreover, real electricity price is incorporated in this study to provide a more consistent result. The findings are important for researchers and academicians by providing a better knowledge of sectoral electricity demand to permit better regulatory decisions in order to facilitate economic efficiency. Apparently for the policy makers, it will be possible that the approach of this study could be useful as a guideline to facilitate the adoption of a more appropriate model for electricity demand management as well as restructuring the electricity sectors. Furthermore, the findings of this study will be helpful in the formulation of effective energy and pricing policies in order to encourage consumers towards the efficient use of energy for the future of sustainable energy and development.

Our paper is dealing with the issues of energy security and economic development. Our focus is on the changes and challenges that are posed in front of the many countries with regard to the threat of the shortages of energy sources and the depletion of the existing carbon sources. Economic, social and demographic changes in the world call for the novel solutions that would include innovative ways how to secure the smooth and undisrupted flow of energy for maintaining the daily lives of the citizens. We are particularly interested in showing how the integration of energy systems or the coordination between neighboring energy systems might contribute to the sustainable development and operation of the energy sector. The paper uses an example of hydro energy storage in order to show the shortcomings of the battery energy storage and the ways how it can be solved. Our results and findings show that renewable energy sources might become a viable solution to the problems specified above. Well-balanced and well-placed usage of renewables might cushion the shortcomings of the traditional energy systems and prevent major shocks to the energy security through the world and in the European Union countries.

Our paper tackles the issue of the European energy security and economic growth. Specifically, it evaluates the relationship between natural gas consumption and economic growth in the European Union (EU). Channels along which natural gas is supplied to the EU energy markets yield dependence from the Russian Federation which presents a threat to the European energy security. Our sample includes panel time series data over the period from 1997 to 2011 for a 26 EU countries. Based on neoclassical growth model, we create a multivariate model including gross fixed capital formation and total labor forces of a country as additional explanatory variables. Using panel cointegration tests, we found that there exists a long-run relationship between economic growth, natural gas consumption, labor and capital. In the short-run there is bidirectional causality between natural gas consumption and economic growth. The causality running from economic growth to natural gas consumption is positive. On the other hand, the causality, which runs from natural gas consumption to economic growth, is negative.