| Title: | International energy security risk index - analysis of the methodological settings |
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| Authors: | ID Podbregar, Iztok (Author)
ID Šimić, Goran (Author)
ID Radovanović, Mirjana (Author)
ID Filipović, Sanja (Author)
ID Šprajc, Polona (Author) |
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| Files: |  Podbregar-2020-International_Energy_Security_R.pdf (1,04 MB)
MD5: 62C9767438DC62C898FFE435FA625D7A
 https://doi.org/10.3390/en13123234
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | FOV - Faculty of Organizational Sciences in Kranj
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| Abstract: | The main objective of this paper is to analyze model settings of the International Energy Security Risk Index developed by the U.S. Chamber of Commerce. The study was performed using stepwise regression, principal component analysis, and Promax oblique rotation. The conclusion of the regression analysis shows that Crude Oil Price and Global Coal Reserves are sufficient to explain 90% of the variance of the Index. However, if a model that explains 100% of the variance of the Index is chosen and other variables are added, Global Coal Reserves loses importance due to the presence of other parameters in which it is contained. Regardless of the chosen model of analysis, it is evident that there is room for revising the Index and removing variables that do not contribute to its precision. The research showed that the main disadvantage of the variables that make up the Index rests with the fact that the variables are of different degrees of generality, that is, one parameter is contained in other parameters (unclear which other). The research covers data for 25 countries over a 26-year period, with the first year of the research being 1980 and the last 2016 (the latest available report). |
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| Keywords: | international energy security risk index, analysis, stepwise regression, principal component analysis, Promax oblique rotation |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Submitted for review: | 04.05.2020 |
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| Article acceptance date: | 18.06.2020 |
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| Publication date: | 22.06.2020 |
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| Publisher: | MDPI |
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| Year of publishing: | 2020 |
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| Number of pages: | Str. 1-15 |
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| Numbering: | Letn. 13, št. 12, št. članka 3234 |
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| PID: | 20.500.12556/DKUM-91782  |
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| UDC: | 351 |
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| ISSN on article: | 1996-1073 |
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| COBISS.SI-ID: | 20478979 |
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| DOI: | 10.3390/en13123234 |
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| Publication date in DKUM: | 04.02.2025 |
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| Views: | 227 |
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| Downloads: | 27 |
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| Metadata: |    |
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| Categories: | Misc.
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