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

Lesbirel, S. Hayden, and Sun, Sizhong (2017) Oil import diversification in the Asia-Pacific (1976–2014). Journal of the Asia Pacific Economy, 22 (4). pp. 621-625.

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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 s-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.

Item ID: 53040
Item Type: Article (Research - C1)
ISSN: 1469-9648
Keywords: oil imports; energy security; diversification; Herfindahl index; APEC
Funders: James Cook University
Date Deposited: 04 Apr 2018 22:53
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140205 Environment and Resource Economics @ 20%
14 ECONOMICS > 1402 Applied Economics > 140202 Economic Development and Growth @ 80%
SEO Codes: 85 ENERGY > 8599 Other Energy > 859999 Energy not elsewhere classified @ 50%
91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910103 Economic Growth @ 50%
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