The Correlation of Financial Development on Energy Consumption: A Study Case in Indonesia

Abstract

The relationship between energy consumption and financial development is still uncertain. This study aims to analyses the correlation between energy consumption, financial development, and energy price. This study will use regression model, ordinary least square (OLS) with time series data from 2002-2014. The result show that the regression model is statistically significant, but only energy price that positively significance to determine the model.