 Energy at risk: Exploring energy security in a geopolitically unstable worldPing-Chuan Jiang, Gen-Fu Feng and Chun-Ping Chang Economic Analysis and Policy, 2025, vol. 86, issue C, 231-244 Abstract: This study utilizes data from 42 countries spanning from 1996 to 2021. The panel quantile regression model is applied to assess how geopolitical risk (GPR) affects energy security (ES) across varying ES levels. Empirical analysis reveals that, in nations with high levels of ES, GPR exerts a negative impact on ES, suggesting that heightened geopolitical tensions can compromise energy stability. Conversely, in nations with lower levels of ES, GPR has a positive impact, driving these nations to enhance their energy self-sufficiency. The findings reveal an inverted U-shaped change in the regression coefficients of GPR and ES, whereby the influence of GPR transitions from positive to negative as ES quantile rises. These results are robust to the inclusion of dynamic effects and additional control variables. Furthermore, supplementary analysis demonstrates that GPR incentivizes the adoption of renewable energy in countries with lower levels of ES. In conclusion, this study provides empirical insights to assist policymakers in designing differentiated energy policies. Keywords: Geopolitical risk; Energy security; Panel quantile regression; Renewable energy (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:86:y:2025:i:c:p:231-244 DOI: 10.1016/j.eap.2025.03.018 Access Statistics for this article Economic Analysis and Policy is currently edited by Clevo Wilson More articles in Economic Analysis and Policy from Elsevier |
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