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Financial Analysis of International Energy Trade: A Strategic Outlook for EU-15

Author

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  • Serhat Yüksel

    (School of Business, İstanbul Medipol University, Kavacık Mah. Ekinciler Cad. No.19 Kavacık Kavşağı—Beykoz, 34810 İstanbul, Turkey)

  • Hasan Dinçer

    (School of Business, İstanbul Medipol University, Kavacık Mah. Ekinciler Cad. No.19 Kavacık Kavşağı—Beykoz, 34810 İstanbul, Turkey)

  • Yurdagül Meral

    (School of Business, İstanbul Medipol University, Kavacık Mah. Ekinciler Cad. No.19 Kavacık Kavşağı—Beykoz, 34810 İstanbul, Turkey)

Abstract

This study aims to analyse the international energy trade in EU-15. Within this context, 6 items of international transport and energy trade have been selected to evaluate the performance of European Union (EU) 15 countries. For this purpose, a comparative analysis has been applied by including and excluding the data of energy trade in international transport for the years between 2013 and 2016. In this framework, interval type-2 fuzzy decision-making trial and evaluation laboratory (DEMATEL) and technique for order preference by similarity to ideal solution (TOPSIS) approaches are considered. The findings show that road and sea have the highest importance for international transport and energy trade. However, pipeline and electricity, which represent the energy trade, take place on the last ranks. Another important conclusion is that there is almost no difference in the ranking of international transport performance including and excluding energy trade. While considering these issues, it is recommended that that European countries should take some actions to increase the energy production. The main reason is that it has a positive influence on both international trade volume and industrial production. Thus, they can focus on renewable energy production which leads to lower cost in this process.

Suggested Citation

  • Serhat Yüksel & Hasan Dinçer & Yurdagül Meral, 2019. "Financial Analysis of International Energy Trade: A Strategic Outlook for EU-15," Energies, MDPI, vol. 12(3), pages 1-22, January.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:3:p:431-:d:201857
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    Cited by:

    1. Yiqing Zhao & Renata Korsakienė & Hasan Dinçer & Serhat Yüksel, 2022. "Identifying Significant Points of Energy Culture for Developing Sustainable Energy Investments," SAGE Open, , vol. 12(1), pages 21582440221, March.
    2. Yue Meng & Haoyue Wu & Wenjing Zhao & Wenkuan Chen & Hasan Dinçer & Serhat Yüksel, 2021. "A hybrid heterogeneous Pythagorean fuzzy group decision modelling for crowdfunding development process pathways of fintech-based clean energy investment projects," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-34, December.
    3. Shubin Wang & Weijie Li & Hasan Dincer & Serhat Yuksel, 2019. "Recognitive Approach to the Energy Policies and Investments in Renewable Energy Resources via the Fuzzy Hybrid Models," Energies, MDPI, vol. 12(23), pages 1-17, November.
    4. Bahman Huseynli, 2023. "Renewable Solar Energy Resources Potential and Strategy in Azerbaijan," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 31-38, January.
    5. Esposito, Luca, 2023. "Renewable energy consumption and per capita income: An empirical analysis in Finland," Renewable Energy, Elsevier, vol. 209(C), pages 558-568.
    6. Li Zhe & Serhat Yüksel & Hasan Dinçer & Shahriyar Mukhtarov & Mayis Azizov, 2021. "The Positive Influences of Renewable Energy Consumption on Financial Development and Economic Growth," SAGE Open, , vol. 11(3), pages 21582440211, August.
    7. Ziyuan Tang & Hasan Dinçer, 2019. "Selecting the House-of-Quality-Based Energy Investment Policies for the Sustainable Emerging Economies," Sustainability, MDPI, vol. 11(13), pages 1-22, June.

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