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Does Export product diversification help to reduce energy demand: Exploring the contextual evidences from the newly industrialized countries

TLDR
In this article, the authors investigated the impact of export product diversification, extensive margin and intensive margin on emerging economies energy demand covering the period from 1971 to 2014, and concluded that export diversification and extensive margin help to reduce the overall energy demand in NICs.
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This article is published in Energy.The article was published on 2021-01-01 and is currently open access. It has received 127 citations till now. The article focuses on the topics: Diversification (marketing strategy) & Energy economics.

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Citations
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Challenges toward carbon neutrality in China: Strategies and countermeasures

TL;DR: In this paper, the authors explored the concept of carbon neutrality and made a comparative analysis of the gap between China, the European Union, and the United States vis-a-vis carbon neutrality based on international data.
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Challenges toward carbon neutrality in China: Strategies and countermeasures

TL;DR: Wang et al. as discussed by the authors analyzed China's challenges toward carbon neutrality by 2060 and proposed a three-stage/four-step strategy for China to achieve CN, and also presented seven suggestions to foster China's green transition.
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Does renewable energy consumption reduce ecological footprint? Evidence from eight developing countries of Asia

TL;DR: In this article, the authors examined the long run and short-run impacts of per capita income, renewable energy, life expectancy, and population density on the ecological footprint in the eight developing countries of South and Southeast Asia from 1990-2015.
References
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Journal ArticleDOI

Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.

TL;DR: In this article, the generalized method of moments (GMM) estimator optimally exploits all the linear moment restrictions that follow from the assumption of no serial correlation in the errors, in an equation which contains individual effects, lagged dependent variables and no strictly exogenous variables.
Journal ArticleDOI

Another look at the instrumental variable estimation of error-components models

TL;DR: In this paper, a framework for efficient IV estimators of random effects models with information in levels which can accommodate predetermined variables is presented. But the authors do not consider models with predetermined variables that have constant correlation with the effects.
Journal ArticleDOI

Testing for unit roots in heterogeneous panels

TL;DR: In this article, a unit root test for dynamic heterogeneous panels based on the mean of individual unit root statistics is proposed, which converges in probability to a standard normal variate sequentially with T (the time series dimension) →∞, followed by N (the cross sectional dimension)→∞.
Book

Econometric Analysis of Panel Data

TL;DR: In this article, the authors proposed a two-way error component regression model for estimating the likelihood of a particular item in a set of data points in a single-dimensional graph.
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Frequently Asked Questions (2)
Q1. What are the contributions mentioned in the paper "Does export product diversification help to reduce energy demand: exploring the contextual evidences from the newly industrialized countries" ?

This article investigates the impact of export product diversification, extensive margin and intensive margin on emerging economies energy demand covering the period from 1971 to 2014. The study contributes to energy economics by unveiling the interaction between export diversification and energy demand of 10 newly industries countries ( NICs ). In this pursuit, the authors have considered the export product diversification index in its aggregate and disaggregated forms ( i. e. extensive margin and intensive margin ) in this study. The study discusses fruitful policy implications regarding the exports diversification and energy demand nexus for Further, the empirical outcomes identify that economic growth, urbanization, and natural resources increase energy consumption. 

This can have a significant implication towards the sustainable energy future of the NICs, as these countries have been reportedly failed to meet various objectives of SDGs. In such a scenario, rise in the export product diversification might result in further rise in energy consumption.