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Energy Market Integration in East Asia: A Regional Public Goods Approach

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  • Philip ANDREWS-SPEED

    (Philip ANDREWS-SPEED Chatham House, UK)

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    Abstract

    This study applies a regional public goods approach to the study of energy market integration (EMI) in East Asia, with a view to clarifying the outlook for such integration and the likely obstacles to be encountered. In addition to drawing on theoretical ideas relating to regional public goods, the paper will also draw on the experience of the European Union in its attempts to develop a single energy market. The study shows that many services are needed in order to develop and sustain a regional integrated energy market and that some of these services have characteristics of regional public goods, though some may also be trans-regional or global in nature as well. The study recommends that: EMI in East Asia should be pursued in an incremental manner and mainly at a sub-regional scale; and the specific steps taken towards EMI should be chosen on the basis of their likely positive economic impacts and their likely ease of delivery.

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    File URL: http://www.eria.org/ERIA-DP-2011-06.pdf
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    Bibliographic Info

    Paper provided by Economic Research Institute for ASEAN and East Asia (ERIA) in its series Working Papers with number DP-2011-06.

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    Length: 46 pages.
    Date of creation: 01 Nov 2011
    Date of revision:
    Handle: RePEc:era:wpaper:dp-2011-06

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    1. Sanford Berg & Jacqueline Horrall, 2008. "Networks of regulatory agencies as regional public goods: Improving infrastructure performance," The Review of International Organizations, Springer, vol. 3(2), pages 179-200, June.
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    Cited by:
    1. Navarro, Adoracion M. & Sambodo, Maxensius Tri, 2013. "The Pathway to ASEAN Energy Market Integration," Discussion Papers DP 2013-49, Philippine Institute for Development Studies.

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