Import product diversification and renewable energy: a new appraisal from developed and developing countries

DOĞAN B., Radulesku M., Shahzad U., Saboori B.

Energy Sources, Part B: Economics, Planning and Policy, vol.17, no.1, 2022 (SCI-Expanded, Scopus) identifier

  • Nəşrin Növü: Article / Article
  • Cild: 17 Say: 1
  • Nəşr tarixi: 2022
  • Doi nömrəsi: 10.1080/15567249.2022.2038733
  • jurnalın adı: Energy Sources, Part B: Economics, Planning and Policy
  • Jurnalın baxıldığı indekslər: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, Aerospace Database, Applied Science & Technology Source, CAB Abstracts, Communication Abstracts, Compendex, Computer & Applied Sciences, Environment Index, Greenfile, INSPEC, Metadex, Pollution Abstracts, Public Affairs Index, Veterinary Science Database, Civil Engineering Abstracts
  • Açar sözlər: developed countries, developing countries, Import product diversification, panel co-integration analysis, panel quantile regression, renewable energy
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Bəli

Qısa məlumat

This study investigates the role of the import diversification in the renewable energy consumption for a global panel of both developing and developed economies. The study applies panel co-integration and panel quantile regression analysis on the panel data of 138 countries during 1995–2018. For empirical analysis, the authors used Pedroni) cointegration test and panel-quantile regressions. The investigation proves that the import diversification significantly reduces the renewable energy consumption and there is a major need for designing and implementing some revised and synchronized policies of trade with the energy mix and sustainable development goals. The empirical findings claim that the foreign direct investments, natural resources and GDP increase significantly boost the renewable energy demand for both groups of developing and developed countries. Therefore, this study shows that generally the current trade policies might be ineffective and import diversification policies should be reformed to match with the energy regulations, manufacturing, and sustainable development goals.