Determinants of the Russia and Asia–Pacific energy trade

Taghizadeh-Hesary, Farhad and Rasoulinezhad, Ehsan and Yoshino, Naoyuki and Sarker, Tapan ORCID: and Mirza, Nawazish (2021) Determinants of the Russia and Asia–Pacific energy trade. Energy Strategy Reviews, 38:100681. pp. 1-9. ISSN 2211-467X

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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.

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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: No Faculty
Faculty/School / Institute/Centre: No Faculty
Date Deposited: 26 Apr 2022 01:52
Last Modified: 19 Jul 2022 00:58
Uncontrolled Keywords: Gravity trade model, Energy trade, Energy security, Russian Federation, Asia and the Pacific
Fields of Research (2020): 38 ECONOMICS > 3801 Applied economics > 380107 Financial economics
Socio-Economic Objectives (2020): 17 ENERGY > 1799 Other energy > 179999 Other energy not elsewhere classified
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