Exports of Renewable Energy Goods among RCEP members: Potential and Constraints

Yichang Liu and Kaliappa Kalirajan
Additional contact information
Yichang Liu: Arndt-Corden Department of Economics, Crawford School of Public Policy, The Australian National University, Canberra, Australia
Kaliappa Kalirajan: Arndt-Corden Department of Economics, Crawford School of Public Policy, The Australian National University, Canberra, Australia

Journal of Economic Analysis, 2024, vol. 3, issue 4, 49-65

Abstract: Objective: The paper, specifically examines whether the recently formed Regional Comprehensive Economic Partnership (RCEP) can potentially facilitate minimising the constraints to renewable energy goods exports at the regional level in Asia. Data, Methodology and Findings: Using the panel data from 11 RCEP members from 2006 to 2014, this study has applied the ‘meta frontier stochastic gravity frontier’ methodology and confirms that the establishment of RCEP has the potential to improve trade in renewable energy commodities within the RCEP region. Policy Implications: The policy implication is that when countries work together, it will lead to enormous benefits for national, regional, and worldwide prospects of a more sustainable energy future. Practical Policy Implications: In terms of practical policy implications, the developed RCEP member countries should actively engage in promoting R&D activities and protecting intellectual property rights concerning renewable energy production, which are essential for countries to integrate with the world market and to lift the export frontiers of both the developed and developing RCEP member countries to reach the unrestricted export of renewable energy technology.

Keywords: Regional Comprehensive Economic Partnership; Meta frontier; Stochastic frontier gravity model; Nationally Determined Contributions; Renewable energy goods exports (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.anserpress.org/journal/jea/3/4/77/pdf (application/pdf)
https://www.anserpress.org/journal/jea/3/4/77 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bba:j00001:v:3:y:2024:i:4:p:49-65:d:249

Access Statistics for this article

Journal of Economic Analysis is currently edited by Ramona Wang

More articles in Journal of Economic Analysis from Anser Press
Bibliographic data for series maintained by Ramona Wang ().