Can geopolitical risk improve energy efficiency in European countries?
The European countries are highly dependent on energy imports, making them vulnerable to international geopolitical threats. In this context, improving energy efficiency emerges as a cost-effective solution. The primary purpose of this study is to investigate the impact of geopolitical risk (GPR) on...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-09-01
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| Series: | Energy Strategy Reviews |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2211467X23000950 |
| _version_ | 1797683061001814016 |
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| author | Sakine Owjimehr Mehdi Emami Meybodi Neda Jamshidi |
| author_facet | Sakine Owjimehr Mehdi Emami Meybodi Neda Jamshidi |
| author_sort | Sakine Owjimehr |
| collection | DOAJ |
| description | The European countries are highly dependent on energy imports, making them vulnerable to international geopolitical threats. In this context, improving energy efficiency emerges as a cost-effective solution. The primary purpose of this study is to investigate the impact of geopolitical risk (GPR) on energy efficiency for 18 European countries during 1991–2020 using the Dumitrescu Hurlin Panel Causality test, instrumental variable quantile regression (IVQR) model, and Data Envelopment Analysis (DEA). The study found that GPR has a positive impact on energy efficiency in higher quantities. This trend might be due to the fact that countries with high energy efficiency are better equipped to face GPR, thanks to their investments in infrastructure, particularly renewable energy technology. |
| first_indexed | 2024-03-12T00:09:01Z |
| format | Article |
| id | doaj.art-461b940608ed4c4c8d6a6950a59c2774 |
| institution | Directory Open Access Journal |
| issn | 2211-467X |
| language | English |
| last_indexed | 2024-03-12T00:09:01Z |
| publishDate | 2023-09-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Strategy Reviews |
| spelling | doaj.art-461b940608ed4c4c8d6a6950a59c27742023-09-16T05:30:39ZengElsevierEnergy Strategy Reviews2211-467X2023-09-0149101145Can geopolitical risk improve energy efficiency in European countries?Sakine Owjimehr0Mehdi Emami Meybodi1Neda Jamshidi2Department of Economics, Shiraz University, Shiraz, IranDepartment of Economics, Meybod University, Meybod, Iran; Corresponding author. Department of Economics, Meybod University, Meybod, Iran.Department of Economics, Shiraz University, Shiraz, IranThe European countries are highly dependent on energy imports, making them vulnerable to international geopolitical threats. In this context, improving energy efficiency emerges as a cost-effective solution. The primary purpose of this study is to investigate the impact of geopolitical risk (GPR) on energy efficiency for 18 European countries during 1991–2020 using the Dumitrescu Hurlin Panel Causality test, instrumental variable quantile regression (IVQR) model, and Data Envelopment Analysis (DEA). The study found that GPR has a positive impact on energy efficiency in higher quantities. This trend might be due to the fact that countries with high energy efficiency are better equipped to face GPR, thanks to their investments in infrastructure, particularly renewable energy technology.http://www.sciencedirect.com/science/article/pii/S2211467X23000950Q43Q21F51N74C21 |
| spellingShingle | Sakine Owjimehr Mehdi Emami Meybodi Neda Jamshidi Can geopolitical risk improve energy efficiency in European countries? Energy Strategy Reviews Q43 Q21 F51 N74 C21 |
| title | Can geopolitical risk improve energy efficiency in European countries? |
| title_full | Can geopolitical risk improve energy efficiency in European countries? |
| title_fullStr | Can geopolitical risk improve energy efficiency in European countries? |
| title_full_unstemmed | Can geopolitical risk improve energy efficiency in European countries? |
| title_short | Can geopolitical risk improve energy efficiency in European countries? |
| title_sort | can geopolitical risk improve energy efficiency in european countries |
| topic | Q43 Q21 F51 N74 C21 |
| url | http://www.sciencedirect.com/science/article/pii/S2211467X23000950 |
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