Oil import diversification in the Asia-Pacific (1976–2014)

S. Hayden Lesbirel and Sizhong Sun

Journal of the Asia Pacific Economy, 2017, vol. 22, issue 4, 621-625

Abstract: We explore trends and patterns of oil import diversification by Asia-Pacific Economic Cooperation (APEC) countries from 1976 to 2014, and generalise four patterns in that diversification. First, oil import sources of APEC countries are diversified considerably. Second, APEC countries have diversified their import sources over time. Third, there is no σ-convergence in oil import diversification. Fourth, there exist substantial cross-time variations in both the mean and standard deviation of Herfindahl index among APEC countries.

Date: 2017
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DOI: 10.1080/13547860.2017.1341747

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