Impacts of Epidemics on Energy Security: An Empirical Analysis

Abstract

Using panel data covering 136 countries from 1989 to 2019, this study investigates the impact of epidemics on energy security. Our empirical results show a significantly negative impact of epidemics on energy security, not only in the current year but also in the next five years. Moreover, the adverse impact can be weakened in high-income countries.

Probing the Interplay Between Climate Change and Global Energy Security: Insights From Nonlinear Analysis

“…Conversely, a reduction in climate change, as captured by the negative index of temperature (TEMP_NEG), appears to have a favourable impact on energy security. This finding aligns with the conclusions drawn by Zhao and Deng (2021).…”

“…This study's findings reinforce prior studies' detected connec-tion between climate change and energy security. The short-run analysis reveals that heightened temperature anomalies negatively impact energy security, consistent with Zhao and Deng's (2021) study, while decreasing climate change has a beneficial effect energy security, which aligns with Gupta and Saini's (2023) study. In the long run, the study's identification of a consistently adverse effect of climate change on energy security supports existing literature.…”

“…The NARDL model effectively categorized these effects into positive and negative components, unveiling the nonlinear dynamics. Notably, this study extended the conventional measurement of energy security, which was originally defined by Zhao and Deng (2021) as the ratio of energy import to energy use. Here, energy security encompasses energy import and energy depletion and captures the vulnerability arising from the loss of domestic energy production capacity.…”

The Impact of Epidemics on Green Innovation: Global Analysis

“…First, the occurrence of infectious diseases has a significant detrimental effect on economic growth. Second, the spread of epidemics reduces production and consumer demand, resulting in a country's import and export companies experiencing problems such as stagnation, default, and cancellation of foreign exhibitions, which ultimately adversely affect global import and export trade (Zhao & Deng, 2021;Wei et al, 2021). Third, epidemics make the financial system more fragile (White et al, 2015).…”

“…Second, the spread of epidemics reduces production and consumer demand, resulting in the import and export of a nation companies experiencing problems such as stagnation, default, and cancellation of foreign exhibitions, which ultimately adversely affect global import and export trade (Zhao & Deng, 2021;Wei et al, 2021). The opening up of regional trade may promote the inflow of labor-intensive and polluting industries into the region, reduce the competitiveness of relevant industries in the region, and then push out those same relevant industries, thus promoting the progress of green technology in the region.…”