The effect of export composition on energy demand: A fresh evidence in the context of economic complexity
| العنوان: | The effect of export composition on energy demand: A fresh evidence in the context of economic complexity |
|---|---|
| المؤلفون: | Muhlis Can, Jan Brusselaers, Mehmet Mercan |
| المساهمون: | Environmental Economics |
| المصدر: | Review of Development Economics, 26(2), 687-703. Wiley-Blackwell Can, M, Brusselaers, J & Mercan, M 2022, ' The effect of export composition on energy demand: A fresh evidence in the context of economic complexity ', Review of Development Economics, vol. 26, no. 2, pp. 687-703 . https://doi.org/10.1111/rode.12854, https://doi.org/10.1111/rode.12854 |
| سنة النشر: | 2022 |
| مصطلحات موضوعية: | economic complexity, export product diversification, sustainable development, SDG 17 - Partnerships for the Goals, energy consumption, Geography, Planning and Development, Development, economic development |
| الوصف: | Energy is pivotal for sustainable economic growth. Undoubtedly, the role of the composition of the export basket (measured as economic complexity) is one of the crucial variables influencing energy consumption. Despite its importance, the existing body of literature does not intensively study the relationship between economic complexity and total energy consumption. Therefore, this study's primary aim was to examine the effect of economic complexity on energy consumption in a case study of 21 developed and 44 developing countries for the period 1971–2014. In this context, economic complexity expresses the level of sophistication of a country's export basket. This paper considers energy prices and income as explanatory variables in Durbin-H panel cointegration analysis and applies a cointegration test with structural breaks to check for the long-run relationships. For the long-run estimations, we employ the augmented mean group method and dynamic seemingly unrelated regression. The findings reveal that economic complexity increases energy consumption in developing countries while it decreases energy consumption in developed countries. This is an important insight for countries concerned about their energy dependence. The diversification of their production and export baskets can reduce energy needs. The paper finally presents policy recommendations based on the empirical estimates. |
| اللغة: | English |
| تدمد: | 1363-6669 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4dfa6447e0ebfb66ef343c620f6c4941 https://doi.org/10.1111/rode.12854 |
| حقوق: | OPEN |
| رقم الأكسشن: | edsair.doi.dedup.....4dfa6447e0ebfb66ef343c620f6c4941 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 13636669 |
|---|