The effect of economic complexity and energy security on measures of energy efficiency: Evidence from panel quantile analysis

Payne J. E., Truong H. H. D., Chu L. K., Doğan B., Ghosh S.

Energy Policy, cilt.177, 2023 (SCI-Expanded, SSCI, Scopus)

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 177
  • Basım Tarihi: 2023
  • Doi Numarası: 10.1016/j.enpol.2023.113547
  • Dergi Adı: Energy Policy
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, PASCAL, ABI/INFORM, Aerospace Database, Business Source Elite, Business Source Premier, CAB Abstracts, Communication Abstracts, EconLit, Environment Index, Greenfile, Index Islamicus, INSPEC, PAIS International, Pollution Abstracts, Public Affairs Index, Veterinary Science Database, Civil Engineering Abstracts
  • Anahtar Kelimeler: Energy intensity, Economic complexity, Energy security risk, High -income countries, Middle -income countries, Sustainable development goals, RENEWABLE ENERGY, EMPIRICAL-EVIDENCE, CARBON EMISSIONS, GROWTH EVIDENCE, CO2 EMISSIONS, INTENSITY, TESTS, IMPACT, CHINA, REGRESSION
  • Süleyman Demirel Üniversitesi Adresli: Evet

Özet

This study explores the effects of economic complexity and energy security risk on measures of energy efficiency, namely energy intensity and carbon intensity, for a panel of the 25 top energy use countries. The empirical results from quantile regression analysis for the full panel of countries shows that an increase in economic complexity raises energy efficiency through lower energy intensity and carbon intensity. An increase in energy security risk raises energy intensity with the impact on carbon intensity varying across quantiles. Disaggregating the results between high-income and middle-income countries reveals there are clear differences in the impact of economic complexity and energy security risk on both energy intensity and carbon intensity. Finally, policy discussion and recommendations are provided in the context of the United Nations sustainable development goals.