Citation

Solarin, Sakiru Adebola and Opoku, Eric Evans Osei and Bello, Mufutau Opeyemi (2025) Energy Diversification and Its Determinants: Evidence from Developed and Developing Countries. Journal of the Knowledge Economy, 16 (6). pp. 18501-18526. ISSN 1868-7873

Text Energy Diversification and Its Determinants_ Evidence from Developed and Developing Countries.pdf - Published Version Restricted to Repository staff only Download (1MB)

Abstract

This study pioneers empirical studies on the economic and demographic determinants of energy diversifcation using a recently constructed energy diversifcation index. With a dataset of 65 countries involving panels of middle-income, high-income, and G20 countries, factors such as income level, urbanization, foreign direct investment, infrastructure, and industrialization were analyzed using several econometrics techniques including the Driscoll-Kraay standard errors, a generalized method of moments approach, and a panel data quantile regression approach. The results suggest that in most cases, rising income and urbanization enhance energy diversifcation, especially at higher quantiles. Furthermore, more foreign direct investment leads to less energy diversifcation, except in middleincome countries. The results also imply that more infrastructural facilities and industrialization lead to more diversifcation in high-income countries.

Item Type:	Article
Uncontrolled Keywords:	Energy diversifcation
Subjects:	Q Science > QC Physics
Divisions:	Faculty of Business (FOB)
Depositing User:	Ms Rosnani Abd Wahab
Date Deposited:	22 Dec 2025 04:03
Last Modified:	26 Dec 2025 04:00
URII:	http://shdl.mmu.edu.my/id/eprint/15097

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