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

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dc.authoridOlasehinde-Williams, Godwin Oluseye/0000-0002-3710-6146
dc.contributor.authorOlasehinde-Williams, Godwin
dc.contributor.authorOlanipekun, Ifedolapo
dc.contributor.authorUsman, Ojonugwa
dc.date.accessioned2024-09-11T19:51:54Z
dc.date.available2024-09-11T19:51:54Z
dc.date.issued2024
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractPurposeThis paper aims to examine the reaction of energy inflation to geopolitical risks in the European Economic Area between 1990 and 2015. Design/methodology/approachThis 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. FindingsThe 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/implicationsThe 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/valueGiven 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 effects.en_US
dc.identifier.doi10.1108/IJESM-05-2023-0027
dc.identifier.endpage955en_US
dc.identifier.issn1750-6220
dc.identifier.issn1750-6239
dc.identifier.issue5en_US
dc.identifier.scopus2-s2.0-85168495594en_US
dc.identifier.startpage941en_US
dc.identifier.urihttps://doi.org/10.1108/IJESM-05-2023-0027
dc.identifier.urihttps://hdl.handle.net/11363/7849
dc.identifier.volume18en_US
dc.identifier.wosWOS:001051506500001en_US
dc.identifier.wosqualityQ3en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherEmerald Group Publishing Ltden_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/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectEuropean economic areaen_US
dc.subjectEnergy inflationen_US
dc.subjectGeopolitical risksen_US
dc.subjectTime-varying panel analysisen_US
dc.subjectMMQR 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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