Exploring the effects of import diversification on energy efficiency : evidence from the OECD economies.
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Date
2022
Authors
Dogan, Buhari
Ferraz, Diogo
Gupta, Monika
Huynh, Toan Luu Duc
Shahzadi, Irum
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Abstract
This study aims to unveil the heterogeneous impacts of import product diversification and institutional
factors for achieving energy efficiency in Organization for Economic Co-operation and Development
(OECD) countries. In doing so, the study employs robust econometric techniques such as Fully modified
ordinary least squares (FMOLS) co-integration, pooled Ordinary Least Squares (OLS), Feasible Generalized
Least Squares (FGLS), pool mean group regressions, fixed effects, and random effects for panel data from
1990 to 2015 for selected OECD countries. The detailed empirical outcomes suggest that import product
diversification is conducive to reducing the energy and carbon intensity (improvement in energy effi-
ciency) in OECD countries. The empirical conclusions provide various guidelines to achieve cleaner and
greener growth and align with various Sustainable Development Goals (SDG 7: Affordable and clean
energy, SDG 9: Industry, innovation, and infrastructure, and SDG 13: Climate action) of OECD countries.
The paper elaborates fruitful policy suggestions regarding the diversification of imports and energy use-
carbon emission-nexus for the OECD member nations. Based on the findings, policymakers and environmental scientists should strengthen the trade-energy and import portfolio policies to attain energy efficiency.
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Keywords
Import product diversification, Organization for Economic Co-operation and Development countries, Energy intensity, Carbon intensity
Citation
DOGAN, B. et al. Exploring the effects of import diversification on energy efficiency: evidence from the OECD economies. Renewable Energy, v. 189, p. 639-650, 2022. Disponível em: <https://www.sciencedirect.com/science/article/pii/S0960148122002956>. Acesso em: 24 maio 2022.