Military alliances, geopolitical risks, and international energy trade

IF 14.2 2区经济学 Q1 ECONOMICS

Energy Economics Pub Date : 2025-09-10 DOI:10.1016/j.eneco.2025.108898

Sunjin Kim , SongYi Paik , Doojin Ryu

引用次数: 0

Abstract

Energy is a fundamental input for economic activity, and stable partnerships with trading nations are crucial for energy supply and economic stability. This study explores the effects of military alliances and geopolitical risks on the trade of multiple energy resources across 42 major countries. Employing a gravity model, we find that military alliances promote the trade of refined oil, coal, gaseous natural gas, and enriched uranium. Geopolitical risks in both importing and exporting countries reduce the trade of refined oil and coal. However, heightened risks in importing countries increase the trade of gaseous natural gas and enriched uranium, whereas risks in exporting countries raise the trade of natural uranium. These findings suggest heterogeneous and resource-specific effects of geopolitical risks on international energy trade.

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军事联盟、地缘政治风险和国际能源贸易

能源是经济活动的基本投入，与贸易国的稳定伙伴关系对能源供应和经济稳定至关重要。本研究探讨了军事联盟和地缘政治风险对42个主要国家多种能源贸易的影响。采用重力模型，我们发现军事联盟促进了成品油、煤炭、气态天然气和浓缩铀的贸易。进口国和出口国的地缘政治风险减少了成品油和煤炭的贸易。然而，进口国的风险增加增加了气态天然气和浓缩铀的贸易，而出口国的风险增加了天然铀的贸易。这些发现表明，地缘政治风险对国际能源贸易的影响具有异质性和资源特异性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Energy Economics ECONOMICS-

CiteScore

18.60

自引率

12.50%

发文量

524

期刊介绍： Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.