Energy market integration and equitable growth across countries
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Energy Market Integration (EMI) has been a goal for many regions, including the European Union and East Asia, for quite a long time. How it could play a role in facilitating equitable economic growth among a group of countries remains an empirical question that this paper will attempt to answer. The paper uses economic convergence analysis (including both the σ-convergence and β-convergence approaches) to examine the impact of EMI - measured by two newly constructed indexes (namely, the energy...[Show more]
dc.contributor.author | Sheng, Yu | |
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dc.contributor.author | Shi, Xunpeng | |
dc.date.accessioned | 2015-12-08T22:27:20Z | |
dc.identifier.issn | 0306-2619 | |
dc.identifier.uri | http://hdl.handle.net/1885/34033 | |
dc.description.abstract | Energy Market Integration (EMI) has been a goal for many regions, including the European Union and East Asia, for quite a long time. How it could play a role in facilitating equitable economic growth among a group of countries remains an empirical question that this paper will attempt to answer. The paper uses economic convergence analysis (including both the σ-convergence and β-convergence approaches) to examine the impact of EMI - measured by two newly constructed indexes (namely, the energy trade index and the energy market competition index) - at the country level on dynamic economic growth paths across countries. Its special interest lies in informing policy making related to promoting EMI. The results show that countries involved in a more integrated energy market are more likely to reduce their income disparity, suggesting that EMI may help the region to achieve equitable growth through the accelerated economic development of lagged economies. | |
dc.publisher | Pergamon Press | |
dc.source | Applied Energy | |
dc.subject | Keywords: Convergence analysis; Convergence approach; East Asia; Economic development; Economic growths; Energy markets; Equitable growth across countries; European union; ON dynamics; Policy making; Competition; Economic analysis; Integration; Commerce; convergenc Economic convergence; Energy market integration; Equitable growth across countries | |
dc.title | Energy market integration and equitable growth across countries | |
dc.type | Journal article | |
local.description.notes | Imported from ARIES | |
local.identifier.citationvolume | 104 | |
dc.date.issued | 2013 | |
local.identifier.absfor | 140202 - Economic Development and Growth | |
local.identifier.ariespublication | u5202662xPUB108 | |
local.type.status | Published Version | |
local.contributor.affiliation | Sheng, Yu, College of Asia and the Pacific, ANU | |
local.contributor.affiliation | Shi, Xunpeng, Economic Research Institute for ASEAN and East Asia | |
local.description.embargo | 2037-12-31 | |
local.bibliographicCitation.startpage | 319 | |
local.bibliographicCitation.lastpage | 325 | |
local.identifier.doi | 10.1016/j.apenergy.2012.10.043 | |
dc.date.updated | 2016-02-24T11:35:02Z | |
local.identifier.scopusID | 2-s2.0-84870915250 | |
Collections | ANU Research Publications |
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