Modeling the Impact of Political Institutions on Energy Security: Evidence from High-Income Countries Article Swipe

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Ahmad Jan Malik , Syed Asif Ali Naqvi , Sofia Anwar ·

YOU? · · 2022 · Open Access · · DOI: https://doi.org/10.56536/ijmres.v12i4.370

Energy security has always been the most crucial objective for nations seeking sustainable economic growth. The present study examined the impact of political institutions on energy security using panel data from 34 high-income countries for the years 2000–2018. To investigate the mechanisms through which political variables affect energy security, the study took into account the roles of economic growth, trade, financial development, and urbanization. For the empirical estimation of the research’s objective, Panel robust Driscoll-Kraay standard error technique and Dumitrescu and Hurlin causality test are used. Empirical findings demonstrated the positive effects of trade, economic growth, and financial development on energy security. Particularly, political institutions have a positive impact on energy security in the sample nations. However, the findings showed urbanization has a negative influence on energy security. Additionally, there is a two-way causal link between trade, financial development, and energy security. The study suggested that more green investment in the energy sector for sustainable development might be a result of strong political institutions.

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Sustainable Development

Empirical Research

Foreign Direct Investment

Electrical Engineering

Engineering

Renewable Energy

Philosophy

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Energy security Economics Urbanization Panel data Politics Sustainable development Empirical research Foreign direct investment Development economics Economic system International economics Economic growth Macroeconomics Political science Econometrics Law Epistemology Electrical engineering Engineering Renewable energy Philosophy

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Type: article
Language: en
Landing Page: https://doi.org/10.56536/ijmres.v12i4.370
PDF: https://ijmres.pk/index.php/IJMRES/article/download/370/216
OA Status: diamond
Cited By: 1
References: 53
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OpenAlex ID: https://openalex.org/W4312116013

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DOI: https://doi.org/10.56536/ijmres.v12i4.370

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Title: Modeling the Impact of Political Institutions on Energy Security: Evidence from High-Income Countries

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Language: en

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Publication year: 2022

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Publication date: 2022-12-23

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Authors: Ahmad Jan Malik, Syed Asif Ali Naqvi, Sofia Anwar

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Landing page: https://doi.org/10.56536/ijmres.v12i4.370

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Concepts: Energy security, Economics, Urbanization, Panel data, Politics, Sustainable development, Empirical research, Foreign direct investment, Development economics, Economic system, International economics, Economic growth, Macroeconomics, Political science, Econometrics, Law, Epistemology, Electrical engineering, Engineering, Renewable energy, Philosophy

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Cited by: 1

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