Open Access Journal Article

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

by Yichang Liu a orcid  and  Kaliappa Kalirajan a,* orcid
a
Arndt-Corden Department of Economics, Crawford School of Public Policy, The Australian National University, Canberra, Australia
*
Author to whom correspondence should be addressed.
JEA  2024, 77; 3(4), 77; https://doi.org/10.58567/jea03040003
Received: 9 August 2023 / Accepted: 4 October 2023 / Published Online: 15 December 2024
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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;
Copyright: © 2024 by Liu and Kalirajan. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Liu, Y.; Kalirajan, K. Exports of Renewable Energy Goods among RCEP members: Potential and Constraints. Journal of Economic Analysis, 2024, 3, 77. https://doi.org/10.58567/jea03040003
AMA Style
Liu Y, Kalirajan K. Exports of Renewable Energy Goods among RCEP members: Potential and Constraints. Journal of Economic Analysis; 2024, 3(4):77. https://doi.org/10.58567/jea03040003
Chicago/Turabian Style
Liu, Yichang; Kalirajan, Kaliappa 2024. "Exports of Renewable Energy Goods among RCEP members: Potential and Constraints" Journal of Economic Analysis 3, no.4:77. https://doi.org/10.58567/jea03040003
APA style
Liu, Y., & Kalirajan, K. (2024). Exports of Renewable Energy Goods among RCEP members: Potential and Constraints. Journal of Economic Analysis, 3(4), 77. https://doi.org/10.58567/jea03040003

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