Energy at risk: Exploring energy security in a geopolitically unstable world

IF 7.9 2区经济学 Q1 ECONOMICS

Economic Analysis and Policy Pub Date : 2025-03-09 DOI:10.1016/j.eap.2025.03.018

Ping-Chuan Jiang , Gen-Fu Feng , Chun-Ping Chang

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引用次数: 0

Abstract

This study utilizes data from 42 countries spanning from 1996 to 2021. The panel quantile regression model is applied to assess how geopolitical risk (GPR) affects energy security (ES) across varying ES levels. Empirical analysis reveals that, in nations with high levels of ES, GPR exerts a negative impact on ES, suggesting that heightened geopolitical tensions can compromise energy stability. Conversely, in nations with lower levels of ES, GPR has a positive impact, driving these nations to enhance their energy self-sufficiency. The findings reveal an inverted U-shaped change in the regression coefficients of GPR and ES, whereby the influence of GPR transitions from positive to negative as ES quantile rises. These results are robust to the inclusion of dynamic effects and additional control variables. Furthermore, supplementary analysis demonstrates that GPR incentivizes the adoption of renewable energy in countries with lower levels of ES. In conclusion, this study provides empirical insights to assist policymakers in designing differentiated energy policies.

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来源期刊

Economic Analysis and Policy ECONOMICS-

CiteScore

9.80

自引率

9.20%

发文量

231

审稿时长

93 days

期刊介绍： Economic Analysis and Policy (established 1970) publishes articles from all branches of economics with a particular focus on research, theoretical and applied, which has strong policy relevance. The journal also publishes survey articles and empirical replications on key policy issues. Authors are expected to highlight the main insights in a non-technical introduction and in the conclusion.