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Energy security as a source of international competitiveness in new EU member states

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  • Nyga-Łukaszewska Honorata

    (Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland)

  • Napiórkowski Tomasz M.

    (Collegium of World Economy, SGH Warsaw School of Economics, Warsaw, Poland)

Abstract

Energy security and international competitiveness are two of the most fiercely discussed topics – especially in the light of the European Union (EU)’s dependence on Russia’s gas, oil, and coal. Both mentioned concepts are of special importance for the so-called EU new member states (EU NMS), which are undergoing the energy diversification process. The main goal of this paper is to analyze how energy security influences the international competitiveness of these countries. The study uses trade theories related to productivity differentials (Ricardian hypothesis) and differences in factor endowments (Heckscher–Ohlin hypothesis) as a basis for our econometric modeling. The results show that relative energy supply as well as physical and human capital relative endowments have a statistically significant impact on international competitiveness of the studied economies.

Suggested Citation

  • Nyga-Łukaszewska Honorata & Napiórkowski Tomasz M., 2023. "Energy security as a source of international competitiveness in new EU member states," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 59(3), pages 209-224, September.
    • Handle: RePEc:vrs:ijomae:v:59:y:2023:i:3:p:209-224:n:4
    DOI: 10.2478/ijme-2023-0015
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    More about this item

    Keywords

    energy security; factor endowment theory; Heckscher–Ohlin trade model; international competitiveness; Ricardian trade model;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • N74 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: 1913-

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