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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.
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): .
Crossref Journal DOI 10.17406/GJHSS
Print ISSN 0975-587X
e-ISSN 2249-460X
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Total Score: 101
Country: Turkey
Subject: Global Journal of Human-Social Science - E: Economics
Authors: Tarana Azimova (PhD/Dr. count: 0)
View Count (all-time): 173
Total Views (Real + Logic): 3067
Total Downloads (simulated): 1415
Publish Date: 2019 04, Tue
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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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