Energy trade efficiency and its determinants: A Malmquist index approach

Energy Economics

Volumn 50, Issue , 2015, Pages 306-314

  Sheng, Yu ^a   Wu, Yanrui ^b   Shi, Xunpeng ^c   Zhang, Dandan ^d  

^a NANKAI UNIVERSITY   (China)

^b UNIVERSITY OF WESTERN AUSTRALIA   (Australia)

^c NATIONAL UNIVERSITY OF SINGAPORE   (Singapore)

^d PEKING UNIVERSITY   (China)

Author keywords

Energy market integration; Energy trade efficiency; Malmquist index

Indexed keywords

COMMERCE;

EFFICIENCY IMPROVEMENT; ENERGY MARKETS; ENERGY PRODUCTS; FUTURE ENERGIES; MALMQUIST INDICES; MULTI-PRODUCTS; REGIONAL MARKETS; TRADE STATISTICS;

ENERGY EFFICIENCY;

BILATERAL AGREEMENT; COAL; ECONOMIC INTEGRATION; ENERGY MARKET; GAS SUPPLY; OIL SUPPLY; TRADE POLICY;

EID: 84934959670     PISSN: 01409883     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.eneco.2015.05.019     Document Type: Article

References (29)

1. Anderson J. A theoretical foundation for the gravity equation. Am. Econ. Rev. 1979, 69:106-116.
2. Anderson J., van Wincoop E. Gravity with gravitas: a solution to the border puzzle. Am. Econ. Rev. 2003, 93:170-192.
3. Bannister H., McDonell G., Thorncraft S., Hu X., Whitelock B., Malik C. Energy Market Integration in the East Asia Summit Region 2008, ASEAN Secretariat, Jakarta.
4. BP, Statistical Review of World Energy 2014 2014, British Petroleum, London.
5. Coelli T.J., Rao P.R. Implicit value shares in Malmquist TFP Index numbers. Centre for Efficiency and Productivity Analysis (CEPA) Working Papers No. 4/2001 School of Economic Studies 2001, University of New England, Armidale.
6. Costinot A., Rodriguez-Clare A. Trade theory with numbers: quantifying the consequences of globalization. Handbook of International Economics 2013, vol. 4. Elsevier, Amsterdam. A. Gopinah, E. Helpman, R. Rogoff (Eds.).
7. Drysdale P., Garnaut R. Trade intensities and the analysis of bilateral trade flows in a many-country world: a survey. Hitotsubashi J. Econ. 1982, 22:62-84.
8. Drysdale P., Huang Y., Kalirajan K. Measuring and Explaining Trade Efficiency, Seminar Paper Presented at the Asia Pacific Economies Program Seminar, August 2000 2000, Asia Pacific School of Economics and Management, The Australian National University, Canberra.
9. ESMAP Middle East and North Africa Integration of Electricity Networks in the Arab World Regional Market Structure and Design 2013, The World Bank, Washington, DC.
10. Euractiv Commission wields big stick on EU energy sector, report on the finding of EU Competition Commissioner, Neelie Kroes 2007, (Published 17 February 2006, updated 29 June 2007).
11. Färe R., Grosskopf S., Norris M., Zhang Z. Productivity growth, technical progress and efficiency change in industrialized countries. Am. Econ. Rev. 1994, 84.
12. IEA World Energy Outlook 2012 2012, International Energy Agency, Paris.
13. Jones B.A. Efficient Models for the Evaluation and Estimation of the Gravity Field 2010, University of Colorado, Boulder.
14. Kalirajan K. Stochastic varying coefficients gravity model: an application in trade analysis. J. Appl. Stat. 1999, 26:1850194.
15. Kalirajan K. Regional cooperation and bilateral trade flows: an empirical measurement of resistance. Int. Trade J. 2007, 21:85-107.
16. Kalirajan K., Findlay C. Estimating Potential Trade Using Gravity Models: A Suggested Methodology 2005, Foundation for Advanced Studies on International Development, Tokyo.
17. Kalirajan K., Singh K. A comparative analysis of China's and India's recent export performances. Asian Econ. Pap. 2008, 7:1-28.
18. Kang H., Fratianni M. International trade efficiency, the gravity equation, and the stochastic frontier. Working Papers 2006-08 2006, Department of Business Economics and Public Policy, Kelley School of Business, Indiana University, Bloomington, IN.
19. Miankhel A.K., Thangavelu S.M., Kalirajan K. Foreign direct investment, export and economic growth in selected emerging countries: multivariate VAR analysis. MPRA Working Paper No., 22763 2009, University Library of Munich, Munich, Germany.
20. Roperto D. Trade performance and potential of the Philippines: an application of stochastic frontier gravity model. MPRA Working Paper No. 51677 2013, University Library of Munich, Munich, Germany.
21. Roperto D., Edgardo C. Philippine export efficiency and potential: an application of stochastic frontier gravity model. MPRA Working Paper No. 53580 2014, University Library of Munich, Munich, Germany.
22. Rose A.K. Do we really know that the WTO increases trade?. Am. Econ. Rev. 2004, 94:98-114.
23. Sheng Y., Shi X., Zhang D. Economic development, energy market integration and energy demand: implications for East Asia. Energy Strateg. Rev. 2013, 2:146-152.
24. Shi X., Kimura F. Energy Market Integration in the East Asia Summit Region: Review of Initiatives and Estimation of Benefits 2010, Economic Research Institute for ASEAN and East Asia (ERIA), Jakarta.
25. Shi X., Kimura F. The status and prospects of energy market integration in East Asia. Energy Market Integration in East Asia: Deepen Understanding and Move Forward 2014, Rutledge, Oxon, New York. Y. Wu, F. Kimura, X. Shi (Eds.).
26. Subramanian A., Wei S.-J. The WTO promotes trade, strongly but unevenly. J. Int. Econ. 2007, 72:151-175.
27. USAID South Asia Regional Initiative for Energy Integration (SARI/EI) 2015.
28. World Bank World Development Indicators 2014 2014, The World Bank, Washingtong, D.C.
29. Wu Y., Shi X., Kimura F. Energy Market Integration in East Asia: Theories, Electricity Sector and Subsidies 2012, Economic Research Institute for ASEAN and East Asia, Jakarta.