Predicting energy source diversification in emerging Asia: The role of global supply chain pressure

Yunpeng Sun, Shreya Pal, Mantu Kumar Mahalik, Giray Gözgör and Chi Keung Lau

Energy Economics, 2024, vol. 136, issue C

Abstract: This study investigates energy diversification trends in six Emerging Asian countries from 1998 to 2021 while exploring the predicting effects of the global supply chain pressure, total investment, innovation, economic growth, and globalisation on energy diversification. This study considers the Kernel-Based Regularized Least Squares (KRLS) estimations and prediction models (Adam and Stochastic Gradient Descent optimisers). The impacts of global supply chain pressure and total investment on energy diversification are positive. Innovation also emerges as crucial factor to enhance energy diversification. Deeper integration into the global economy (globalisation) and economic growth strengthen energy diversification. The study underscores the importance of tailored policies, advocating for investments in innovation, targeted total investment, and inclusive growth strategies to address energy diversification in emerging Asian countries.

Keywords: Energy diversification; Developing Asian countries; Total investment; Innovation; Globalisation; Global supply chain pressure (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:eneeco:v:136:y:2024:i:c:s0140988324004432

DOI: 10.1016/j.eneco.2024.107735

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