Energy security as a source of international competitiveness in new EU member states

Nyga-Łukaszewska Honorata () and Napiórkowski Tomasz M.
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Nyga-Łukaszewska Honorata: Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland
Napiórkowski Tomasz M.: Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland

International Journal of Management and Economics, 2023, vol. 59, issue 3, 209-224

Abstract: Energy security and international competitiveness are two of the most fiercely discussed topics – especially in the light of the European Union (EU)’s dependence on Russia’s gas, oil, and coal. Both mentioned concepts are of special importance for the so-called EU new member states (EU NMS), which are undergoing the energy diversification process. The main goal of this paper is to analyze how energy security influences the international competitiveness of these countries. The study uses trade theories related to productivity differentials (Ricardian hypothesis) and differences in factor endowments (Heckscher–Ohlin hypothesis) as a basis for our econometric modeling. The results show that relative energy supply as well as physical and human capital relative endowments have a statistically significant impact on international competitiveness of the studied economies.

Keywords: energy security; factor endowment theory; Heckscher–Ohlin trade model; international competitiveness; Ricardian trade model (search for similar items in EconPapers)
JEL-codes: F14 N74 Q43 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ijomae:v:59:y:2023:i:3:p:209-224:n:4

DOI: 10.2478/ijme-2023-0015

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