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Toward Energy Security In Asean: Impact Of Regional Integration, Renewables, And Energy Efficiency

In: Achieving Energy Security in Asia Diversification, Integration and Policy Implications

Author

Listed:
  • Yang Liu
  • Zhong Sheng
  • Dina Azhgaliyeva

Abstract

The Association of Southeast Asian Nations (ASEAN) countries share the common challenge of energy security, which consists of meeting rising demand for energy in a secure, affordable, and sustainable manner. This chapter extends the gravity model to estimate the effects of economic integration, renewable energy supply, and energy efficiency on energy security. By extending the gravity model, our model specifications introduce a series of key variables to capture deployment of renewable energy, energy efficiency, and level of regional economic integration. Four measures are crucial to this task — reinforcing regional energy trade, ensuring renewable energy supply, energy efficiency improvements, and stronger economic integration. Using bilateral trade data for most economies in the world over the period 1995–2016, we demonstrate the role of renewable energy supply, energy efficiency improvements, and economic integration in bilateral energy trade. Based on the findings, policy recommendations are provided to help ASEAN decision-makers prescribe future energy security policy.

Suggested Citation

  • Yang Liu & Zhong Sheng & Dina Azhgaliyeva, 2019. "Toward Energy Security In Asean: Impact Of Regional Integration, Renewables, And Energy Efficiency," World Scientific Book Chapters, in: Farhad Taghizadeh-Hesary & Naoyuki Yoshino & Youngho Chang & Aladdin D Rillo (ed.), Achieving Energy Security in Asia Diversification, Integration and Policy Implications, chapter 10, pages 291-318, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811204210_0010
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    Cited by:

    1. Oleg ANDREEV & Oksana LOMAKINA & Ariadna ALEKSANDROVA, 2021. "Diversification Of Structural And Crisis Risks In The Energy Sector Of The Asean Member Countries," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 149-160, June.

    More about this item

    Keywords

    Energy Security; Energy Cooperation; Energy Insecurity; Diversification; Integration; Energy Policy; Geopolitics;
    All these keywords.

    JEL classification:

    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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