DEN Economic Lab working paper
Dewan Ekonomi Nasional
Dewan Ekonomi Nasional
Dewan Ekonomi Nasional
15 April 2026
Can nighttime lights serve as a credible proxy for Indonesian GDP growth, nationally and provincially?
blackmarblepy (Stefanini Vicente and Marty 2023).
Quarterly real GDP (left) and NTL index (right), 2012–2024
National level
Provincial level
Augmented Dickey–Fuller tests:
| Series | ADF stat | p-value | 5% critical | Verdict |
|---|---|---|---|---|
| log GDP, levels | −0.38 | 0.91 | −2.93 | I(1) |
| log GDP, Δ | −2.97 | 0.04 | −2.93 | stationary |
| log NTL, levels | +1.14 | 0.996 | −2.94 | I(1) |
| log NTL, Δ | −2.77 | 0.06 | −2.94 | borderline stationary |
Both series look I(1); first differences stationary.
Two tests, two verdicts:
With T=51 and two variables, the Johansen test has low power, and the evidence is borderline rather than decisive.
ARDL-in-levels (Pesaran–Shin–Smith bounds framework) remains valid whether the series are I(0) or I(1), so we proceed.
| lag 1 | lag 2 | lag 3 | lag 4 | |
|---|---|---|---|---|
| NTL → GDP (p) | 0.326 | 0.007 | 0.229 | 0.343 |
| GDP → NTL (p) | 0.006 | 0.018 | 0.007 | 0.004 |
OLS fit and residuals

Specifications with the scarring dummy — panels (c) and (f) — produce the tightest fits.
NTL carries information about GDP, but not enough to be a stand-alone predictor.

| Pooled OLS | FE | TWFE | |
|---|---|---|---|
| NTL coefficient | 0.56*** | 0.28*** | 0.055*** |
| R2 | 0.55 | 0.35 | 0.85 |

| DFE | PMG | MG | |
|---|---|---|---|
| Long-run NTL, baseline | 0.332*** | 0.374 | 0.486*** |
| Long-run NTL, +Scarring | 0.589** | 0.426 | −0.713 |
| Pooling: short run | common | common | free |
| Pooling: long run | common | common | free |
The cross-estimator disagreement is itself the finding.
NTL for Indonesia is best framed as:
Useful, but not a magic wand.
Paper and reproducibility repo:
appendix.ipynbstata/Do/Nighttime Light_Reg.doContact: krisna@dewanekonomi.go.id
