Economic policy uncertainty: Global energy security with diversification
Global energy security is a growing worldwide concern in the presence of high economic policy uncertainty (EPU) that can be addressed by advancing sustainable energy diversification (ED) practices. Energy security can be estimated by combining ED and EPU indices; hence, this study uses a dataset cov...
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| المؤلف الرئيسي: | |
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| مؤلفون آخرون: | , , , |
| التنسيق: | article |
| منشور في: |
2024
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| الوصول للمادة أونلاين: | http://hdl.handle.net/10725/17923 https://doi.org/10.1016/j.eap.2024.03.008 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S031359262400064X |
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| _version_ | 1864513476299325440 |
|---|---|
| author | Dagar, Vishal |
| author2 | Dagher, Leila Rao, Amar Doytch, Nadia Kagzi, Muneza |
| author2_role | author author author author |
| author_facet | Dagar, Vishal Dagher, Leila Rao, Amar Doytch, Nadia Kagzi, Muneza |
| author_role | author |
| dc.creator.none.fl_str_mv | Dagar, Vishal Dagher, Leila Rao, Amar Doytch, Nadia Kagzi, Muneza |
| dc.date.none.fl_str_mv | 2024 2024-06 2026-04-14T17:03:07Z 2026-04-14T17:03:07Z |
| dc.identifier.none.fl_str_mv | 0313-5926 http://hdl.handle.net/10725/17923 https://doi.org/10.1016/j.eap.2024.03.008 Dagar, V., Dagher, L., Rao, A., Doytch, N., & Kagzi, M. (2024). Economic policy uncertainty: Global energy security with diversification. Economic Analysis and Policy, 82, 248-263. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S031359262400064X |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Economic Analysis and Policy |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | Economic policy uncertainty: Global energy security with diversification |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | Global energy security is a growing worldwide concern in the presence of high economic policy uncertainty (EPU) that can be addressed by advancing sustainable energy diversification (ED) practices. Energy security can be estimated by combining ED and EPU indices; hence, this study uses a dataset covering three continents and 26 countries from 1995 to 2023 to measure energy security employing this approach. The study employs quantile regression and panel data analysis, finding a positive relationship between EPU and ED. The results reveal that when EPU increases, the spectrum of energy sources declines, negatively impacting energy security. Other factors of globalization, Gross Domestic Product, gross capital formation, and the labor force also have an impact on the spectrum of energy sources. To obtain a sustainable level of ED, policymakers should increase investment in gross capital formation because economic growth and openness via pro-global policies have less impact on ED. This study also demonstrates that labor capital shifts have a significant effect on ED. The quantitative results reveal the importance of clear and precise economic policies for increasing investment in carbon-free energy security. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_79fb6c25d4c74a6cd3fb22141237e8c5 |
| identifier_str_mv | 0313-5926 Dagar, V., Dagher, L., Rao, A., Doytch, N., & Kagzi, M. (2024). Economic policy uncertainty: Global energy security with diversification. Economic Analysis and Policy, 82, 248-263. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/17923 |
| publishDate | 2024 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Economic policy uncertainty: Global energy security with diversificationDagar, VishalDagher, LeilaRao, AmarDoytch, NadiaKagzi, MunezaGlobal energy security is a growing worldwide concern in the presence of high economic policy uncertainty (EPU) that can be addressed by advancing sustainable energy diversification (ED) practices. Energy security can be estimated by combining ED and EPU indices; hence, this study uses a dataset covering three continents and 26 countries from 1995 to 2023 to measure energy security employing this approach. The study employs quantile regression and panel data analysis, finding a positive relationship between EPU and ED. The results reveal that when EPU increases, the spectrum of energy sources declines, negatively impacting energy security. Other factors of globalization, Gross Domestic Product, gross capital formation, and the labor force also have an impact on the spectrum of energy sources. To obtain a sustainable level of ED, policymakers should increase investment in gross capital formation because economic growth and openness via pro-global policies have less impact on ED. This study also demonstrates that labor capital shifts have a significant effect on ED. The quantitative results reveal the importance of clear and precise economic policies for increasing investment in carbon-free energy security.Published2026-04-14T17:03:07Z2026-04-14T17:03:07Z20242024-06Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article0313-5926http://hdl.handle.net/10725/17923https://doi.org/10.1016/j.eap.2024.03.008Dagar, V., Dagher, L., Rao, A., Doytch, N., & Kagzi, M. (2024). Economic policy uncertainty: Global energy security with diversification. Economic Analysis and Policy, 82, 248-263.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://www.sciencedirect.com/science/article/abs/pii/S031359262400064XenEconomic Analysis and Policyinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/179232026-04-14T17:03:08Z |
| spellingShingle | Economic policy uncertainty: Global energy security with diversification Dagar, Vishal |
| status_str | publishedVersion |
| title | Economic policy uncertainty: Global energy security with diversification |
| title_full | Economic policy uncertainty: Global energy security with diversification |
| title_fullStr | Economic policy uncertainty: Global energy security with diversification |
| title_full_unstemmed | Economic policy uncertainty: Global energy security with diversification |
| title_short | Economic policy uncertainty: Global energy security with diversification |
| title_sort | Economic policy uncertainty: Global energy security with diversification |
| url | http://hdl.handle.net/10725/17923 https://doi.org/10.1016/j.eap.2024.03.008 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://www.sciencedirect.com/science/article/abs/pii/S031359262400064X |