Evaluating energy security of resource-poor economies: A modified principle component analysis approach

Li, Y; Shi, X; Yao, L

Evaluating energy security of resource-poor economies: A modified principle component analysis approach

Li, Y Shi, X

Yao, L

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Publication Type:: Journal Article
Citation:: Energy Economics, 2016, 58 pp. 211 - 221
Issue Date:: 2016-08-01

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Field	Value	Language
dc.contributor.author	Li, Y	en_US
dc.contributor.author	Shi, X https://orcid.org/0000-0001-9653-7395	en_US
dc.contributor.author	Yao, L	en_US
dc.date.available	2020-05-25T19:18:37Z
dc.date.issued	2016-08-01	en_US
dc.identifier.citation	Energy Economics, 2016, 58 pp. 211 - 221	en_US
dc.identifier.issn	0140-9883	en_US
dc.identifier.uri	http://hdl.handle.net/10453/122131
dc.description.abstract	© 2016 Elsevier B.V. This study proposes to aggregately measure energy security performance with the principal component analysis. In its application of the methodology to four resource-poor yet economically advanced island economies in East Asia—Singapore, South Korea, Japan, and Taiwan, this study establishes a novel framework to conceptualize energy security. The framework incorporates three dimensions: vulnerability, efficiency, and sustainability, three indicators being allocated to each dimension. The study finds that all the three dimensions are critical for the resource-poor economies but have different weights in each of them. An urgent task for these four economies is to implement energy efficiency and conservation measures. Liberalization of electricity sector can be a helpful tool to reduce energy consumption and increase efficiency. All of them have been committed to promoting renewable energy development, which shall be further expanded in these economies.	en_US
dc.relation.ispartof	Energy Economics	en_US
dc.relation.isbasedon	10.1016/j.eneco.2016.07.001	en_US
dc.rights	info:eu-repo/semantics/openAccess
dc.subject.classification	Energy	en_US
dc.title	Evaluating energy security of resource-poor economies: A modified principle component analysis approach	en_US
dc.type	Journal Article
utslib.citation.volume	58	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	0906 Electrical and Electronic Engineering	en_US
utslib.for	0913 Mechanical Engineering	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	open_access	*
pubs.publication-status	Published	en_US
pubs.volume	58	en_US

Abstract:

© 2016 Elsevier B.V. This study proposes to aggregately measure energy security performance with the principal component analysis. In its application of the methodology to four resource-poor yet economically advanced island economies in East Asia—Singapore, South Korea, Japan, and Taiwan, this study establishes a novel framework to conceptualize energy security. The framework incorporates three dimensions: vulnerability, efficiency, and sustainability, three indicators being allocated to each dimension. The study finds that all the three dimensions are critical for the resource-poor economies but have different weights in each of them. An urgent task for these four economies is to implement energy efficiency and conservation measures. Liberalization of electricity sector can be a helpful tool to reduce energy consumption and increase efficiency. All of them have been committed to promoting renewable energy development, which shall be further expanded in these economies.

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http://hdl.handle.net/10453/122131