Determinants of the Russia and Asia–Pacific energy trade
Article
Article Title | Determinants of the Russia and Asia–Pacific energy trade |
---|---|
ERA Journal ID | 210415 |
Article Category | Article |
Authors | Taghizadeh-Hesary, Farhad (Author), Rasoulinezhad, Ehsan (Author), Yoshino, Naoyuki (Author), Sarker, Tapan (Author) and Mirza, Nawazish (Author) |
Journal Title | Energy Strategy Reviews |
Journal Citation | 38, pp. 1-9 |
Article Number | 100681 |
Number of Pages | 9 |
Year | 2021 |
Publisher | Elsevier |
Place of Publication | Netherlands |
ISSN | 2211-467X |
2211-4688 | |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.esr.2021.100681 |
Web Address (URL) | https://www.sciencedirect.com/science/article/pii/S2211467X21000675 |
Abstract | Asia remained the largest energy consumer in 2020. The Russian Federation hopes to gain a greater share of the Asian energy market. This study examined the Russian Federation–Asia and Pacific energy trade patterns using gravity trade theory and GMM panel estimation for 17 selected Asia and Pacific economies. We found that the Russian Federation's energy exports to the Asia–Pacific region (APR) followed the Linder hypothesis, and economic growth positively influenced Russian energy exports in the region. Furthermore, The results indicated that the sanctions against Russia since 2014 stimulated an increase in Russian energy exports to the APR. To improve the region's energy security, we recommend developing an energy trading hub in the APR to increase regional pricing power. |
Keywords | Gravity trade model, Energy trade, Energy security, Russian Federation, Asia and the Pacific |
Contains Sensitive Content | Does not contain sensitive content |
ANZSRC Field of Research 2020 | 380107. Financial economics |
Byline Affiliations | Tokai University, Japan |
University of Tehran, Iran | |
Keio University, Japan | |
Griffith University | |
Excelia Group, France | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q730y/determinants-of-the-russia-and-asia-pacific-energy-trade
Download files
Published Version
2021-Energy Strategy Review article.pdf | ||
License: CC BY-NC-ND 4.0 | ||
File access level: Anyone |
122
total views51
total downloads0
views this month0
downloads this month