TY - JOUR
T1 - Predicting energy source diversification in emerging Asia
T2 - The role of global supply chain pressure
AU - Sun, Yunpeng
AU - Pal, Shreya
AU - Mahalik, Mantu Kumar
AU - Gozgor, Giray
AU - Lau, Chi Keung Marco
N1 - Publisher Copyright:
© 2024 Elsevier B.V.
PY - 2024/8/11
Y1 - 2024/8/11
N2 - This study investigates energy diversification trends in six Emerging Asian countries from 1998 to 2021 while exploring the predicting effects of the global supply chain pressure, total investment, innovation, economic growth, and globalisation on energy diversification. This study considers the Kernel-Based Regularized Least Squares (KRLS) estimations and prediction models (Adam and Stochastic Gradient Descent optimisers). The impacts of global supply chain pressure and total investment on energy diversification are positive. Innovation also emerges as crucial factor to enhance energy diversification. Deeper integration into the global economy (globalisation) and economic growth strengthen energy diversification. The study underscores the importance of tailored policies, advocating for investments in innovation, targeted total investment, and inclusive growth strategies to address energy diversification in emerging Asian countries.
AB - This study investigates energy diversification trends in six Emerging Asian countries from 1998 to 2021 while exploring the predicting effects of the global supply chain pressure, total investment, innovation, economic growth, and globalisation on energy diversification. This study considers the Kernel-Based Regularized Least Squares (KRLS) estimations and prediction models (Adam and Stochastic Gradient Descent optimisers). The impacts of global supply chain pressure and total investment on energy diversification are positive. Innovation also emerges as crucial factor to enhance energy diversification. Deeper integration into the global economy (globalisation) and economic growth strengthen energy diversification. The study underscores the importance of tailored policies, advocating for investments in innovation, targeted total investment, and inclusive growth strategies to address energy diversification in emerging Asian countries.
UR - http://www.scopus.com/inward/record.url?scp=85197077137&partnerID=8YFLogxK
U2 - 10.1016/j.eneco.2024.107735
DO - 10.1016/j.eneco.2024.107735
M3 - Article
AN - SCOPUS:85197077137
SN - 0140-9883
VL - 136
JO - Energy Economics
JF - Energy Economics
M1 - 107735
ER -