Template-Type: ReDIF-Article 1.0
Author-Name: Karlibaeva, Raya
Author-Name-First: Raya
Author-Name-Last: Karlibaeva
Author-Email: raya.karlibaeva@tues.uz
Author-Workplace-Name: Department of Finance and Tourism, Termez University of Economics and Service, Termez, Uzbekistan; & Department of Finance, Tashkent State University of Economics, Tashkent, Uzbekistan
Author-Name: Matkarimov, Feruz
Author-Name-First: Feruz
Author-Name-Last: Matkarimov
Author-Email: matkarimovferuz5952@gmail.com
Author-Workplace-Name: Department of Business Management, Mamun University, Khorezm region, Urgench, Uzbekistan
Author-Name: Isaev, Fakhriddin
Author-Name-First: Fakhriddin
Author-Name-Last: Isaev
Author-Email: fakhriddin.isaev@tues.uz
Author-Workplace-Name: Department of Finance and Tourism, Termez University of Economics and Service, Termez, Uzbekistan; & Research Center CEDR under the Tashkent State University of Economics, Tashkent, Uzbekistan
Author-Name: Tursunov, Olim
Author-Name-First: Olim
Author-Name-Last: Tursunov
Author-Email: o.tursunov@afu.uz
Author-Workplace-Name: Department of International Scientific Journals and Rankings, Alfraganus University, Tashkent, Uzbekistan
Author-Name: Rajabova, Nilufar
Author-Name-First: Nilufar
Author-Name-Last: Rajabova
Author-Email: nilufar8320@gmail.com
Author-Workplace-Name: Urgench State Pedagogical Institute, Urgench, Uzbekistan
Author-Name: Atabayeva, Karomat
Author-Name-First: Karomat
Author-Name-Last: Atabayeva
Author-Email: atabayevak777@gmail.com
Author-Workplace-Name: Department of Economics, Urgench State University named after Abu Rayhon Beruni, Urgench, Uzbekistan
Title: Energy Sources Diversification Towards Achieving Energy Independence
Abstract: This study, for the 1st time, reviews the cause of energy sources diversification on energy independence risk. To achieve this objective, the dataset across 64 countries spanning the time in the middle of 2000 and 2018 is used. For empirical analysis, method of moments quantile regression (MMQR) to cope with heteroscedasticity, partially linear functional-coefficient (PLFC) model to run nonlinear analysis, also difference-in-differences (DID) method to deal with endogeneity of Chinese energy investment are employed. The MMQR findings show that energy sources diversification has an adverse cause to energy independence risk across all the quantiles, 10-90%, and the development stage of the nations. Moreover, PLFC estimations also reveal that nonlinear relation is significant and depends on stage of economic development. Further, our findings obtained by DID method represent that Chinese energy investment is beneficial to cope with energy independence risk.
Keywords: Energy Independence Risk, Energy Sources Diversification, Method of Moments Quantile Regression
Journal: International Journal of Energy Economics and Policy
Pages: 733-744
Volume: 16
Issue: 1
Year: 2025
Month: 12
DOI: 10.32479/ijeep.22464
File-URL: https://econjournals.com/index.php/ijeep/article/download/22464/9644
File-Format: application/pdf
Handle: RePEc:eco:journ2:v:16:y:2025:i:1:id:22464