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Energy
Article . 2022 . Peer-reviewed
License: Elsevier TDM
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Achieving energy security amidst the world uncertainty in newly industrialized economies: The role of technological advancement

Authors: Jun Wang; Sudeshna Ghosh; Olohunlana Aminat Olayinka; Buhari Doğan; Muhammad Ibrahim Shah; Kaiyang Zhong;

Achieving energy security amidst the world uncertainty in newly industrialized economies: The role of technological advancement

Abstract

The primary objective of this study is to scrutinize the linkage between technological advancement and energy security in the presence of global uncertainty, financial development, globalization, international cooperation in the form of trade and infrastructure for the panel set of the newly industrialized countries. This paper contributes to the empirical literatures by using robust econometric techniques and the main estimation technique employed is cross sectional autoregressive distributed lag model (CS-ARDL). A battery of robustness tests is further put to use to test the underlying model specifications. To explore the causality nexus, the [1] panel causality test is also employed. The long-run estimation results reveal that technological advancement reduces the risk associated with energy security. But world uncertainty induces energy security risk. Furthermore, financial development and globalization affect energy security risk negatively. The causality test results demonstrate bidirectional causality between financial development and energy security, international cooperation and energy security, uncertainty and financial development, international cooperation and financial development, infrastructure and financial development. The empirical outcomes from this study offer salient aspects for designing policy strategy on energy security in the newly industrialized countries against the backdrop of attainment of the sustainability goals.

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    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
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    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
41
Top 10%
Top 10%
Top 1%