Document Type : Research Paper
Authors
1
Department of Economics, Faculty of Economics and Accounting, Central Tehran Branch, Islamic Azad University, Tehran, Iran. mehrdad.golestane@gmail.com
2
Department of Economics, Faculty of Economics and Accounting, Central Tehran Branch, Islamic Azad University, Tehran, Iran. (Corresponding Author) roy.seyfipour@iauctb.ac.ir
3
Department of Economics, Faculty of Economics and Accounting, Central Tehran Branch, Islamic Azad University, Tehran, Iran. aza.mehrabiyan@iauctb.ac.ir
4
Department of Economics, Faculty of Economics and Accounting, Central Tehran Branch, Islamic Azad University, Tehran, Iran. khosravinejad@gmail.com
Abstract
Energy security represents a vital and multifaceted component contributing to national and global stability. Currently, no universally accepted methodology exists for quantitative assessment of energy security. Nevertheless, the prevailing scientific approach defines and quantifies energy security in a manner that accounts for the rapid transformations within the global economy and geopolitical landscape. Studying the Energy Security Index across developed and developing countries can provide valuable insights regarding energy security. In this paper, after identifying the most important categories defining energy security, a comprehensive Energy Security Index was developed utilizing Principal Component Analysis (PCA). For this purpose, data from 111 selected countries spanning 2000 to 2020 were analyzed. The research findings indicate an overall improvement in global energy security and enhanced performance among developed countries. Moreover, according to these findings, oil-producing countries did not possess an advantage in energy security relative to non-oil-producing countries. Therefore, strategically managing the components defining energy security, especially within developing countries, is recommended.
Keywords
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