Globalization in Reverse: The Missing Link in Energy Consumption

Globalization in Reverse: The Missing Link in Energy Consumption

Tarana Azimova

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Abstract

We present a theoretical framework that demonstrates the globalization as a beneficial trend which fosters the movement of advanced technology from developed nations to developing countries leading to the deployment of large scale energy projects on renewable technologies. We explore the implications of this framework with panel data and vector autoregressive (VAR) analyses. These suggest that an increase in social globalization which accounts for the spread of know-how, skilled workers and technology by 1 percent reduces the energy consumption by roughly 21 percent. This lead to increasing the employment of clean and renewable energy sources through the attainment of technological efficiency. However, substantial increase in traditional energy demand from developing countries suggests the trend of anti-globalization.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Tarana Azimova. 2019. \u201cGlobalization in Reverse: The Missing Link in Energy Consumption\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 19 (GJHSS Volume 19 Issue E3).

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GJHSS Volume 19 Issue E3

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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Classification

GJHSS-E Classification FOR Code: 340299

Submission ReceivedDecember 10, 2018
Peer Review Double Blind
Handling Editor
Accepted January 3, 2019
Published January 15, 2019

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v1.2

Issue date

April 30, 2019

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