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Challenge of Economic Growth and the Concern for Energy Security: A Comparative Analysis of South and South-East Asia

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  • Jain, Varinder

Abstract

Rapidly increasing dependence of the economic growth process on energy and the depletion of fossil fuel reserves at a fast pace have raised concerns for securing energy supply across the world. The developing nations remain the worst affected on at least two counts: first, they are at the lower levels of economic development and thereby have the pressing need for growth; second, they have the limited affordability to finance their energy imports in the face of rapid surge in the prices of fossil fuels. In such a context, this study provides a comparative analysis of South and South-east Asia – the major economies of India, Pakistan and Bangladesh are selected from the former region and Indonesia, Malaysia and Thailand are selected from the latter for focused analytical inquiry into energy supply situation and energy policy framework.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 29006.

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Date of creation: Feb 2011
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Handle: RePEc:pra:mprapa:29006

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Keywords: Energy Security; South Asia; South-east Asia; India; Pakistan; Bangladesh; Thailand; Indonesia; Malaysia;

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  1. Asafu-Adjaye, John, 1999. "The relationship between energy consumption, energy prices and economic growth: Time series evidence from Asian developing countries," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand, Australian Agricultural and Resource Economics Society 123754, Australian Agricultural and Resource Economics Society.
  2. Ghosh, Sajal, 2002. "Electricity consumption and economic growth in India," Energy Policy, Elsevier, vol. 30(2), pages 125-129, January.
  3. Lee, Chien-Chiang, 2006. "The causality relationship between energy consumption and GDP in G-11 countries revisited," Energy Policy, Elsevier, vol. 34(9), pages 1086-1093, June.
  4. Zou, Gaolu & Chau, K.W., 2006. "Short- and long-run effects between oil consumption and economic growth in China," Energy Policy, Elsevier, vol. 34(18), pages 3644-3655, December.
  5. Yoo, Seung-Hoon, 2005. "Electricity consumption and economic growth: evidence from Korea," Energy Policy, Elsevier, vol. 33(12), pages 1627-1632, August.
  6. G.M. Joselin Herbert & S. Iniyan & E. Sreevalsan & S. Rajapandian, 2006. "Prospects of wind energy in India," International Journal of Global Energy Issues, Inderscience Enterprises Ltd, Inderscience Enterprises Ltd, vol. 26(3/4), pages 258-287.
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