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Enhanced Measurement of Energy Market Integration in East Asia: An Application of Dynamic Principal Component Analysis

Author

Listed:
  • Dandan ZHANG

    (National School of Development, Peking University)

  • Xunpeng SHI

    (Energy Studies Institute, National University of Singapore)

  • Yu SHENG

    (Australian National University)

Abstract

This report presents an updated and expanded review of reforms in China’s electricity sector. It aims to examine the impact of reforms on competition, deregulation, and electricity market integration in China. The findings are used to draw policy implications for electricity market development, particularly the promotion of energy market integration (EMI).

Suggested Citation

  • Dandan ZHANG & Xunpeng SHI & Yu SHENG, 2014. "Enhanced Measurement of Energy Market Integration in East Asia: An Application of Dynamic Principal Component Analysis," Working Papers DP-2014-23, Economic Research Institute for ASEAN and East Asia (ERIA).
  • Handle: RePEc:era:wpaper:dp-2014-23
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    File URL: http://www.eria.org/ERIA-DP-2014-23.pdf
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    References listed on IDEAS

    as
    1. Sheng, Yu & Shi, Xunpeng, 2013. "Energy market integration and equitable growth across countries," Applied Energy, Elsevier, vol. 104(C), pages 319-325.
    2. Elena Angelini & Gonzalo Camba‐Mendez & Domenico Giannone & Lucrezia Reichlin & Gerhard Rünstler, 2011. "Short‐term forecasts of euro area GDP growth," Econometrics Journal, Royal Economic Society, vol. 14(1), pages 25-44, February.
    3. Fukunari Kimura & Xunpeng Shi, . "Deepen Understanding and Move Forward: Energy Market Integration in East Asia," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2011-rpr-25 edited by Fukunari Kimura & Xunpeng Shi.
    4. Yu Sheng & Xunpeng Shi, . "Energy Market Integration and Economic Convergence: Implications for East Asia," Chapters, Economic Research Institute for ASEAN and East Asia (ERIA).
    5. Thomas J. Sargent & Christopher A. Sims, 1977. "Business cycle modeling without pretending to have too much a priori economic theory," Working Papers 55, Federal Reserve Bank of Minneapolis.
    6. Stock J.H. & Watson M.W., 2002. "Forecasting Using Principal Components From a Large Number of Predictors," Journal of the American Statistical Association, American Statistical Association, vol. 97, pages 1167-1179, December.
    7. World Bank, 2013. "World Development Indicators 2013," World Bank Publications, The World Bank, number 13191, November.
    8. Song, Ligang & Sheng, Yu, 2008. "The Impact of Reform on Economic Growth in China: A Principal Component Analysis," WIDER Working Paper Series 012, World Institute for Development Economic Research (UNU-WIDER).
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    dynamic factor analysis; energy market integration; east asia;

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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