Modelling Energy Security and International Competitiveness: The Export Perspective

Objective: The objective of this paper is to investigate the link between energy security and international competitiveness captured by export. Research Design & Methods: To fulfil the goal, we employed the panel data linear regression model with fixed effects. The study includes 23 countries denoted by one of the world’s biggest energy consumption levels between 1995 and 2014. Findings: The study confirms the existence of the relationship between energy security and export in the defined and examined groups of goods. Energy security influences exports of capital goods most. While the environmental and economic aspects of energy security gain importance in all tested categories of goods, energy imports lose it. Implications & Recommendations: The research results suggest that the energy security concept is not a coherent phenomenon as the environmental aspect had the greatest influence on international competitiveness. Such a result calls for a broader empirical investigation with a greater sample size divided upon GDP performance. Contribution & Value Added: The originality of this work lies in studying the link between energy security and international competitiveness from the export perspective. The identified research gap in this area shows a relative lack of theoretical and empirical studies.