Does geopolitics trigger energy inflation in the European economic area? Evidence from a panel time-varying regression

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dc.contributor.authorOlasehinde-Williams, Godwin
dc.contributor.authorOlanipekun, Ifedolapo
dc.contributor.authorUsman, Ojonugwa
dc.date.accessioned2023-11-10T13:44:50Z
dc.date.available2023-11-10T13:44:50Z
dc.date.issued2023en_US
dc.departmentFakülteler, İşletme Fakültesi, Yönetim Bilişim Sistemleri (İngilizce) Bölümüen_US
dc.description.abstractPurpose – This paper aims to examine the reaction of energy inflation to geopolitical risks in the European Economic Area between 1990 and 2015. Design/methodology/approach – This study applies the nonparametric time-varying coefficient panel data model with fixed effects. In addition, to further reveal potential tail effects that may not have been captured by conditional mean-based regressions, the method of moments quantile regression was also used. Findings – The findings of this study are as follows: first, as European countries get exposed to geopolitical tensions, it is expected that energy prices will surge. Second, the ability of geopolitical risk to trigger energy inflation in recent times is not as powerful as it used to be. Third, countries with a lower inflation rate, when exposed to geopolitical risks, experience smaller increases in energy inflation compared to countries with a higher inflation rate. Research limitations/implications – The findings of this study lead us to the conclusion that transitioning from nonrenewable to renewable energy use is one channel through which the sampled countries can battle the energy inflation, which geopolitical risks trigger. A sound macroeconomic policy for inflation control is a complementary channel through which the same goal can be achieved. Originality/value – Given the increasing level of energy inflation and geopolitical risks in the world today, this study is an attempt to reveal the time-varying characteristics of the relationship between these variables in European countries using a nonparametric time-varying coefficient panel data model and method of moments quantile regression with fixed effectsen_US
dc.identifier.doi10.1108/IJESM-05-2023-0027en_US
dc.identifier.scopus2-s2.0-85168495594en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/6995
dc.identifier.urihttps://doi.org/10.1108/IJESM-05-2023-0027
dc.identifier.wosWOS:001051506500001en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherEmeralden_US
dc.relation.ispartofInternational Journal of Energy Sector Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectEuropean economic area, Energy inflation, Geopolitical risks, Time-varying panel analysis, MMQR with fixed effectsen_US
dc.titleDoes geopolitics trigger energy inflation in the European economic area? Evidence from a panel time-varying regressionen_US
dc.typeArticleen_US

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