<p>This paper examines how globalization influences energy intensity across OECD countries by distinguishing between direct effects and indirect transmission channels. While existing studies primarily focus on the direct impact of globalization on energy use, we develop a novel framework that incorporates four key mediating mechanisms: population aging, urbanization, financial development, and green technology. Using the Method of Moments Quantile Regression, we provide three main insights. First, both economic and social globalization significantly reduce energy intensity, with stronger effects observed in high energy-intensity economies. Second, financial development emerges as a consistent mediating channel, facilitating access to capital for clean technologies and reinforcing efficiency gains. Third, population aging and green innovation partially transmit the benefits of economic globalization, while urbanization plays a dual role under social globalization by both reducing and increasing energy intensity through efficiency improvements and rebound effects. Overall, the results highlight that the sustainability impact of globalization is heterogeneous and shaped by structural conditions. The findings suggest that effective policy design should prioritize green finance, demographic-sensitive energy strategies, and sustainable urban planning to ensure that globalization contributes to sustained reductions in energy intensity.</p>

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Economic and social globalization and energy efficiency: transmission channels through demographic structure and innovation

  • Paravee Maneejuk,
  • Praphatsorn Damngam,
  • Woraphon Yamaka

摘要

This paper examines how globalization influences energy intensity across OECD countries by distinguishing between direct effects and indirect transmission channels. While existing studies primarily focus on the direct impact of globalization on energy use, we develop a novel framework that incorporates four key mediating mechanisms: population aging, urbanization, financial development, and green technology. Using the Method of Moments Quantile Regression, we provide three main insights. First, both economic and social globalization significantly reduce energy intensity, with stronger effects observed in high energy-intensity economies. Second, financial development emerges as a consistent mediating channel, facilitating access to capital for clean technologies and reinforcing efficiency gains. Third, population aging and green innovation partially transmit the benefits of economic globalization, while urbanization plays a dual role under social globalization by both reducing and increasing energy intensity through efficiency improvements and rebound effects. Overall, the results highlight that the sustainability impact of globalization is heterogeneous and shaped by structural conditions. The findings suggest that effective policy design should prioritize green finance, demographic-sensitive energy strategies, and sustainable urban planning to ensure that globalization contributes to sustained reductions in energy intensity.