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Pricing Reform and Enhanced Investment in the Energy Sector: A Way towards East Asian Economic Development

Author

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  • Satoshi Kojima

    (Institute of Global Environment Strategies (IGES))

  • Anindya Bhattacharya

    (Institute of Global Environment Strategies (IGES))

Abstract

The combination of energy pricing reform and energy sector investment liberalisation is thus expected to enhance economic development in the region and also to encourage people to use more efficient and cleaner fuels. This study indicates that even if the partial removal of energy subsidies has occurred, further removal can yield further benefits of market efficiency. Energy sector investment liberalisation is another important issue of energy market integration that has been associated with methodological difficulty in quantitative economic analysis. This study developed a new multi-regional computable general equilibrium (CGE) model for conducting a quantitative assessment of electricity sector investment scenario in which the investment demands in the EAS member countries projected by the International Energy Agency are met. The most interesting finding shows that introduction of FDI increases not only the national GDP of the investing countries but also the regional GDP as the whole EAS region by 0.04%.

Suggested Citation

  • Satoshi Kojima & Anindya Bhattacharya, . "Pricing Reform and Enhanced Investment in the Energy Sector: A Way towards East Asian Economic Development," Chapters,, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:chaptr:2010-rpr-25-07
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    References listed on IDEAS

    as
    1. Satoshi Kojima, 2007. "Sustainable Development in Water-Stressed Developing Countries," Books, Edward Elgar Publishing, number 12579.
    2. Burniaux, Jean-Marc & Truong Truong, 2002. "GTAP-E: An Energy-Environmental Version of the GTAP Model," GTAP Technical Papers 923, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
    3. Burniaux, Jean-March & Truong, Truong P., 2002. "Gtap-E: An Energy-Environmental Version Of The Gtap Model," Technical Papers 28705, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
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    Cited by:

    1. Shi, Xunpeng, 2016. "The future of ASEAN energy mix: A SWOT analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 53(C), pages 672-680.

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