Energy market integration and equitable growth across countries

Sheng, Y; Shi, X

Energy market integration and equitable growth across countries

Sheng, Y Shi, X

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Publication Type:: Journal Article
Citation:: Applied Energy, 2013, 104 pp. 319 - 325
Issue Date:: 2013-01-01

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Field	Value	Language
dc.contributor.author	Sheng, Y	en_US
dc.contributor.author	Shi, X https://orcid.org/0000-0001-9653-7395	en_US
dc.date.issued	2013-01-01	en_US
dc.identifier.citation	Applied Energy, 2013, 104 pp. 319 - 325	en_US
dc.identifier.issn	0306-2619	en_US
dc.identifier.uri	http://hdl.handle.net/10453/117277
dc.description.abstract	Energy Market Integration (EMI) has been a goal for many regions, including the European Union and East Asia, for quite a long time. How it could play a role in facilitating equitable economic growth among a group of countries remains an empirical question that this paper will attempt to answer. The paper uses economic convergence analysis (including both the σ-convergence and β-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 dynamic economic growth paths across countries. Its special interest lies in informing policy making related to promoting EMI. The results show that countries involved in a more integrated energy market are more likely to reduce their income disparity, suggesting that EMI may help the region to achieve equitable growth through the accelerated economic development of lagged economies. © 2012 Elsevier Ltd.	en_US
dc.relation.ispartof	Applied Energy	en_US
dc.relation.isbasedon	10.1016/j.apenergy.2012.10.043	en_US
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject.classification	Energy	en_US
dc.title	Energy market integration and equitable growth across countries	en_US
dc.type	Journal Article
utslib.citation.volume	104	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	09 Engineering	en_US
utslib.for	14 Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/DVC (International)
pubs.organisational-group	/University of Technology Sydney/DVC (International)/Australia-China Relations Institute
utslib.copyright.status	closed_access	*
pubs.publication-status	Published	en_US
pubs.volume	104	en_US

Abstract:

Energy Market Integration (EMI) has been a goal for many regions, including the European Union and East Asia, for quite a long time. How it could play a role in facilitating equitable economic growth among a group of countries remains an empirical question that this paper will attempt to answer. The paper uses economic convergence analysis (including both the σ-convergence and β-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 dynamic economic growth paths across countries. Its special interest lies in informing policy making related to promoting EMI. The results show that countries involved in a more integrated energy market are more likely to reduce their income disparity, suggesting that EMI may help the region to achieve equitable growth through the accelerated economic development of lagged economies. © 2012 Elsevier Ltd.

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http://hdl.handle.net/10453/117277