IDEAS home Printed from https://ideas.repec.org/a/prg/jnlpol/vpreprintid1509.html

Exploring the Impact of Export Diversification on Energy-Mix Diversification: Role of Institutional Quality, Foreign Direct Investments and Research & Development

Author

Listed:
  • Muhammad Shahbaz
  • Cem Işik
  • Serdar Ongan
  • Bekhzod Kuziboev

Abstract

This research investigates the effects of export diversification (henceforth, EXD) on energy mix diversification for 26 European Union (EU) countries. To achieve this aim, we employ the quantile regression model and GMM estimator for 1995-2020. The primary outcome of this study is to identify the complexity of such two crucial factors. At lower levels of diversification, EXD has a negative impact on energy mix diversification; however, this effect becomes positive at higher level diversification. This situation underscores the significance of considering this factor when formulating energy policies. Specifically, exploring strategies to increase EXD in countries with limited energy diversity may be necessary. On the other hand, promoting EXD in countries with abundant energy diversity can contribute to a more robust and sustainable energy sector. This finding emphasizes the necessity of adopting an integrated approach in developing and implementing energy and export policies. The quantile regression analysis using different quantiles (percentages) can ensure quantile-based customized policies and strategies between export and energy diversifications to the EU policymakers. Therefore, EU policymakers should consider creating and implementing foreign trade and energy policies in a coordinated manner.

Suggested Citation

  • Muhammad Shahbaz & Cem Işik & Serdar Ongan & Bekhzod Kuziboev, . "Exploring the Impact of Export Diversification on Energy-Mix Diversification: Role of Institutional Quality, Foreign Direct Investments and Research & Development," Politická ekonomie, Prague University of Economics and Business, vol. 0.
    • Handle: RePEc:prg:jnlpol:v:preprint:id:1509
    DOI: 10.18267/j.polek.1509
    as

    Download full text from publisher

    File URL: http://polek.vse.cz/doi/10.18267/j.polek.1509.html
    Download Restriction: free of charge
    File URL: https://libkey.io/10.18267/j.polek.1509?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlpol:v:preprint:id:1509. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stanislav Vojir (email available below). General contact details of provider: https://edirc.repec.org/data/uevsecz.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.