Abstract
Measurement of the energy use dispersed through international trade is crucial in the age of global value chains. This study traces international energy flows, presents the stylized facts, and analyses the major driving factors of energy flows. The findings of this study show that 20% of global energy is transmitted through global value chains and there is large energy imbalance between economies. The gravity model illustrates that energy transfers between home and host countries increase with economic size, a shared border, a same language, and a similar legal system, and decrease with geographic distance. However, distance is becoming less significant in transmitting energy due to the increasing complexity of global value chains. Global value chains have altered how the world consumes energy directly and indirectly, thus must be taken into consideration by both environmental and trade policies aiming at encouraging sustainable development, equity, and energy conservation.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
