Does Energy Policy Risk Threaten Energy Sources Diversification?

Authors

  • Zokir Mamadiyarov Department of Economics, Mamun University, Khiva, Uzbekistan; & Department of Finance and Tourism, Termez University of Economics and Service, Termez, Uzbekistan; & Department of Bank Accounting and Auditing, Tashkent State University of Economics, Tashkent, Uzbekistan
  • Mansur Eshov Alfraganus University, Tashkent, Uzbekistan
  • Dinora Otakhonova Department of Economics, Urgench State University named after Abu Rayhan Biruni, Urgench, Uzbekistan
  • Sarbinaz Utegenova Department of Accounting and Audit, Karakalpak State University, Nukus, 230100, Uzbekistan
  • Khamid Sabirov Department of Economics, Urgench Ranch University of Technology, Urgench 220100, Uzbekistan
  • Adam Marks College of Business Administration, University of Sharjah, Sharjah, UAE
  • Nu'monkhon Bahodirov Faculty of Industrial Management, Fergana State Technical University, Fergana, 150100, Uzbekistan

DOI:

https://doi.org/10.32479/ijeep.21140

Keywords:

Energy Policy Risk, Energy Sources Diversification, MMQR, DID Method

Abstract

Recently, to enhance energy sources diversification is becoming on the main priorities in the world. However, effective diversification of energy sources is affected by risks associated with energy policy. In this context, the study explores the effect of energy policy risk on energy sources diversification of the panel of 64 countries spanning the period from 2000 to 2018, employing Method of Moments Quantile Regression. The findings indicate that energy policy risk negatively influences on energy sources diversification across all the quantiles, 10-90%. Moreover, the impact of Chinese energy investment on energy sources diversification is investigated using Difference-In-Differences method since Chinese energy investment might serve as an additional factor shaping energy policy in the region. The results show that Chinese energy investment also has a negative effect of energy sources diversification. The policymakers should implement effective policies considering those factors in order to achieve productive diversification of energy sources.

Downloads

Published

2025-08-20

How to Cite

Mamadiyarov, Z., Eshov, M., Otakhonova, D., Utegenova, S., Sabirov, K., Marks, A., & Bahodirov, N. (2025). Does Energy Policy Risk Threaten Energy Sources Diversification?. International Journal of Energy Economics and Policy, 15(5), 730–740. https://doi.org/10.32479/ijeep.21140

Issue

Vol. 15 No. 5 (2025)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.