Energy security implications of energy inflation, ICT trade, and mineral resources
摘要
The issue of energy security has reappeared on the global stage after the Russia-Ukraine war and the Middle Eastern crisis. Given its significance for national security and economic development, researchers have shown a greater interest in identifying factors that can enhance energy security. This analysis aims to investigate the influence of energy inflation, ICT trade, and mineral resources on energy security risk. To empirically test the nexus between energy inflation, ICT trade, mineral resources, and energy security risk using a novel MMQR approach. The findings suggest that ICT trade increases energy security risk across all quantiles except for the 90th quantile. Similarly, mineral resources also raise energy security risks across all quantiles. Conversely, energy inflation has no correlation with energy security risk. Moreover, political stability reduces energy security risk from medium to higher quantiles, whereas financial development increases energy security risk from the 30th to the 90th quantiles.