The connection between disaggregate energy use and export sophistication: New insights from OECD with robust panel estimations

Mirzat Ullah (), Muhammad Umair, Kazi Sohag (), Oleg Mariev, Muhammad Asif Khan and Hafiz M. Sohail

Energy, 2024, vol. 306, issue C

Abstract: Numerous nations have demonstrated their commitment to achieve sustainable economic growth by enhancing export sophistication fueled by imperative energy utilization. This research examines the impact of renewable and non-renewable energy (RE and NRE) use on the improvement and diversification of export strategies among OECD economies using data from 1990 to 2022. This study contributes to the existing body of knowledge by introducing an export sophistication index as a dependent variable in the corresponding model. Pre-estimations followed by employing the CS-ARDL method findings revealed that disaggregated energy use plays a pivotal role in enhancing the intelligence of OECD economies, with the use of NRE energy exerting a more significant influence than REN use. While foreign direct investment, institutional quality and human capital also play essential roles in the complexity of exports within these economies. Applying the dynamic econometric technique, Wavelet coherence analysis substantiates these findings. Consequently, the study's results yield a range of policy recommendations.

Keywords: Export sophistication; Renewable energy; Non-renewable energy; OECD countries; CS-ARDL (search for similar items in EconPapers)
JEL-codes: H11 O11 O43 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:306:y:2024:i:c:s0360544224020565

DOI: 10.1016/j.energy.2024.132282

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