Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222808 
Year of Publication: 
2019
Series/Report no.: 
ADBI Working Paper Series No. 1041
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
ASEAN countries share the common challenge of energy security, which consists of meeting rising demand for energy in a secure, affordable and sustainable manner. This paper extends the gravity model to estimate the effects of economic integration, renewable energy supply and energy efficiency on energy security. By extending the gravity model, our model specifications introduce a series of key variables to capture the deployment of renewable energy, energy efficiency and level of regional economic integration. Three measures are crucial to this task: ensuring renewable energy supply, energy efficiency improvements, and stronger economic integration. Using annual data across 440 countries over the period 1995-2016, we demonstrate the role of renewable energy supply, energy efficiency improvements and economic integration in bilateral energy trade. Based on our findings, policy recommendations are provided to help ASEAN decision makers prescribe future energy security policy.
Subjects: 
energy security
regional trade agreement
ASEAN
energy trade
renewable energy
energy efficiency
JEL: 
F14
F15
Q43
Q42
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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