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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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    References listed on IDEAS

    as
    1. 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.
    2. Annabelle Mourougane, 2010. "Phasing Out Energy Subsidies in Indonesia," OECD Economics Department Working Papers 808, OECD Publishing.
    3. Yu Sheng & Xunpeng Shi, . "Energy Market Integration and Economic Convergence: Implications for East Asia," Chapters,, Economic Research Institute for ASEAN and East Asia (ERIA).
    4. Yanrui Wu, 2012. "Electricity Market Integration Global Trends and Implications for the EAS Region," Economics Discussion / Working Papers 12-19, The University of Western Australia, Department of Economics.
    5. Sheng, Yu & Shi, Xunpeng, 2013. "Energy market integration and equitable growth across countries," Applied Energy, Elsevier, vol. 104(C), pages 319-325.
    6. 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, July.
    7. Fukunari Kimura & Xunpeng Shi, . "Deepen Understanding and Move Forward: Energy Market Integration in East Asia," Chapters,, Economic Research Institute for ASEAN and East Asia (ERIA).
    8. 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.
    9. Miaojie Yu, . "Measure the Energy Market Integration in East Asia: A Principal Component Analysis Approach," Chapters,, Economic Research Institute for ASEAN and East Asia (ERIA).
    10. 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.
    11. World Bank, 2013. "World Development Indicators 2013," World Bank Publications - Books, The World Bank Group, number 13191, October.
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    Keywords

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    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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