Energy imports in turbulent eras: Evidence from China

Chi-Wei Su, Shengyao Yang, Adelina Dumitrescu Peculea, Teodora Ioana Biţoiu and Meng Qin

Energy, 2024, vol. 306, issue C

Abstract: The turbulent world situation is an urgent crisis in energy trade and may exacerbate regional energy tensions. This paper measures the links between geopolitical risks (GPR), economic policy uncertainties (EPU) and energy import (EI) from 2005:M3 to 2023:M3. We use the Wavelet-Based quantile-on-quantile (QQ) approach based on China's import statistics for the first time. The results show that both GPR and EPU are important factors affecting EI. We confirm the negative impact of GPR and EPU on EI in the short term, while EI tends to recover in the long run. The result is consistent with the theoretical mechanism that reflects the interrelationship between external uncertainties and EI. As a result, the government should advance diversified energy access options, timely adjustment of energy policies to respond to crises, increase energy reserves and actively undertake energy innovation to reduce external energy dependence.

Keywords: Geopolitical risk; Economic policy uncertainty; Energy import; Quantile-on-quantile (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:306:y:2024:i:c:s0360544224023600

DOI: 10.1016/j.energy.2024.132586

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