The most immediate effects of energy price increase ripples in many production systems is traceable from the intermediate demand sector of an economy. In particular, the production of agriculture, manufacturing, services and several other sectors portray significant energy utilization in their...

The structure of this report is still similar to the previous versions in view of the application of similar methodology but it should be noted that one of the important accomplishments of this research study is the development of energy efficiency targets for the countries that did not have...

This paper uses the economic convergence analysis (including both the s-convergence and ß- convergence approaches) to examine the impact of EMI — measured by two newly constructed indexes (namely, the energy trade index and the energy market competition index) — at the country level, on...

This paper measures the current energy market integration (EMI) in the 16 East Asia countries, comprising the ASEAN 10 countries, China, Japan, Korea, India, Australia, and New Zealand, by using the principal component analysis (PCA) approach. This comprehensive EMI index has four important...

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...

There is a widely-held perception that Asia has been paying a premium for its crude oil, the so-called “Asia premium.” This has led to calls for intervention among some observers of the Asian crude oil market in order to mitigate the so-called premium. More recently, it has been argued that...

This study applies a regional public goods approach to the study of energy market integration (EMI) in East Asia, with a view to clarifying the outlook for such integration and the likely obstacles to be encountered. In addition to drawing on theoretical ideas relating to regional public goods,...

Intro-regional energy trade is increasing rapidly in EAS Region in recent years. There are a lot of factors contributing for intro-regional energy trade booming, such as market demand, trade liberalization and trade facilitation. However, there are still several problems in the energy market of...

East Asia is already the main destination of the world’s commercial liquefied natural gas (LNG). However, the gas markets in the EAS area are either underdeveloped or fragmented. The objectives of this study are twofold, namely, i) to present a review of the trends in global gas market...

The shift in electric power generation types has gained attention in the context of climate change and more recently by the devastating nuclear fallouts in the aftermath of the Japanese earthquake. On the one hand, shifting away from fossil fuels to renewable energy sources would mitigate...