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Exports of Renewable Energy Goods among RCEP members: Potential and Constraints

Author

Listed:
  • Yichang Liu

    (Arndt-Corden Department of Economics, Crawford School of Public Policy, The Australian National University, Canberra, Australia)

  • Kaliappa Kalirajan

    (Arndt-Corden Department of Economics, Crawford School of Public Policy, The Australian National University, Canberra, Australia)

Abstract

Objective: The paper, specifically examines whether the recently formed Regional Comprehensive Economic Partnership (RCEP) can potentially facilitate minimising the constraints to renewable energy goods exports at the regional level in Asia. Data, Methodology and Findings: Using the panel data from 11 RCEP members from 2006 to 2014, this study has applied the ‘meta frontier stochastic gravity frontier’ methodology and confirms that the establishment of RCEP has the potential to improve trade in renewable energy commodities within the RCEP region. Policy Implications: The policy implication is that when countries work together, it will lead to enormous benefits for national, regional, and worldwide prospects of a more sustainable energy future. Practical Policy Implications: In terms of practical policy implications, the developed RCEP member countries should actively engage in promoting R&D activities and protecting intellectual property rights concerning renewable energy production, which are essential for countries to integrate with the world market and to lift the export frontiers of both the developed and developing RCEP member countries to reach the unrestricted export of renewable energy technology.

Suggested Citation

  • Yichang Liu & Kaliappa Kalirajan, 2024. "Exports of Renewable Energy Goods among RCEP members: Potential and Constraints," Journal of Economic Analysis, Anser Press, vol. 3(4), pages 49-65, December.
    • Handle: RePEc:bba:j00001:v:3:y:2024:i:4:p:49-65:d:249
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    References listed on IDEAS

    as
    1. Shiro Armstrong & Peter Drysdale & Kaliappa Kalirajan, 2008. "Asian Trade Structures and Trade Potential : An Initial Analysis of South and East Asian Trade," EABER Working Papers 21753, East Asian Bureau of Economic Research.
    2. Meeusen, Wim & van den Broeck, Julien, 1977. "Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 435-444, June.
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