The effect of economic complexity and energy security on measures of energy efficiency: Evidence from panel quantile analysis

James Payne, Huong Hoang Diep Truong, Lan Khanh Chu, Buhari Doğan () and Sudeshna Ghosh

Energy Policy, 2023, vol. 177, issue C

Abstract: This study explores the effects of economic complexity and energy security risk on measures of energy efficiency, namely energy intensity and carbon intensity, for a panel of the 25 top energy use countries. The empirical results from quantile regression analysis for the full panel of countries shows that an increase in economic complexity raises energy efficiency through lower energy intensity and carbon intensity. An increase in energy security risk raises energy intensity with the impact on carbon intensity varying across quantiles. Disaggregating the results between high-income and middle-income countries reveals there are clear differences in the impact of economic complexity and energy security risk on both energy intensity and carbon intensity. Finally, policy discussion and recommendations are provided in the context of the United Nations sustainable development goals.

Keywords: Energy intensity; Economic complexity; Energy security risk; High-income countries; Middle-income countries; Sustainable development goals (search for similar items in EconPapers)
JEL-codes: C23 F64 Q43 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (33)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:177:y:2023:i:c:s0301421523001325

DOI: 10.1016/j.enpol.2023.113547

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