Template-Type: ReDIF-Article 1.0
Author-Name: Mamadiyarov, Zokir
Author-Name-First: Zokir
Author-Name-Last: Mamadiyarov
Author-Email: mamadiyarov_zokir@mamunedu.uz
Author-Workplace-Name: 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
Author-Name: Eshov, Mansur
Author-Name-First: Mansur
Author-Name-Last: Eshov
Author-Email: m.eshov@afu.uz
Author-Workplace-Name: Alfraganus University, Tashkent, Uzbekistan
Author-Name: Otakhonova, Dinora
Author-Name-First: Dinora
Author-Name-Last: Otakhonova
Author-Email: dinora.o@urdu.uz
Author-Workplace-Name: Department of Economics, Urgench State University named after Abu Rayhan Biruni, Urgench, Uzbekistan
Author-Name: Utegenova, Sarbinaz
Author-Name-First: Sarbinaz
Author-Name-Last: Utegenova
Author-Email: high.utegenova@gmail.com
Author-Workplace-Name: Department of Accounting and Audit, Karakalpak State University, Nukus, 230100, Uzbekistan
Author-Name: Sabirov, Khamid
Author-Name-First: Khamid
Author-Name-Last: Sabirov
Author-Email: mamadiyarov_zokir@mamunedu.uz
Author-Workplace-Name: Department of Economics, Urgench Ranch University of Technology, Urgench 220100, Uzbekistan
Author-Name: Marks, Adam
Author-Name-First: Adam
Author-Name-Last: Marks
Author-Email: mamadiyarov_zokir@mamunedu.uz
Author-Workplace-Name: College of Business Administration, University of Sharjah, Sharjah, UAE
Author-Name: Bahodirov, Nu'monkhon
Author-Name-First: Nu'monkhon
Author-Name-Last: Bahodirov
Author-Email: baxodirov1989@gmail.com
Author-Workplace-Name: Faculty of Industrial Management, Fergana State Technical University, Fergana, 150100, Uzbekistan
Title: Does Energy Policy Risk Threaten Energy Sources Diversification?
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.
Keywords: Energy Policy Risk, Energy Sources Diversification, MMQR, DID Method
Journal: International Journal of Energy Economics and Policy
Pages: 730-740
Volume: 15
Issue: 5
Year: 2025
Month: 08
DOI: 10.32479/ijeep.21140
File-URL: https://econjournals.com/index.php/ijeep/article/download/21140/9235
File-Format: application/pdf
Handle: RePEc:eco:journ2:v:15:y:2025:i:5:id:21140