ArticleEnvironmental science and pollution research international2021
The impact of economic complexity on energy demand in OECD countries.
Article in Environmental science and pollution research international, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 6 papers.
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Who cites it
6 citing papers in PubMed, 79 citations in OpenAlex.
- Dynamic links between economic complexity, technological innovation, structural transformation and energy sustainability in newly industrializing countries.Scientific reports · 2025Article
- Digital Transformation on Enterprise Green Innovation: Effect and Transmission Mechanism.International journal of environmental research and public health · 2022Article
- Human Health, Environmental Quality and Governance Quality: Novel Findings and Implications From Human Health Perspective.Frontiers in public health · 2022Review
- What initiates carbon dioxide emissions along the Belt and Road Initiative? An insight from a dynamic heterogeneous panel data analysis based on incarnated carbon panel.Environmental science and pollution research international · 2021Article
- Globalization and environmental problems in developing countries.Environmental science and pollution research international · 2021Article
- Investor Sentiment and Stock Returns During the COVID-19 Pandemic.Frontiers in psychology · 2021Article
Corrections and comments
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Authors and funding
5 authors at 5 institutions in 3 countries.
Funding
No grant is acknowledged in the PubMed record.
Abstract
This paper investigates the role of economic complexity on energy demand using the panel dataset of 25 Organization for Economic Co-operation and Development (OECD) countries from 1978 to 2016. Both real per capita income level and economy-wide real energy price index are critical determinants in energy demand modeling. The battery of the cross-sectional dependency test proposed by Pesaran (2004 and 2007) is used, signaling the presence of cross-sectional dependency in the dataset. Thus, the Westerlund (2007) cointegration test is also used, revealing the long-run relationship between the series. Moreover, the results from using the Augmented Mean Group (AMG) estimations illustrate that real per capita income level positively affects energy demand while real energy price and economic complexity negatively influence on it. From a policy perspective, we suggest increasing technological innovation (i.e., higher economic complexity) will reduce the energy demand. The reduction of massive energy usage may be beneficial for the natural environment's health in the OECD countries.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.