The Research On Energy Cooperation In Pan-Beibu Gulf Economic Zone From The View Of Heterogeneity And Externalities

Energy is important to the social economic development, and the stable supply of energy would directly effect the formal operation of industry sectors. General speaking, energy includes renewable energy, primary energy and new energy. As the energy has the character of uneven spatial distribution and non-renewable, country need to adopt strategies to maintain the stable supply of energy. As the important strategic resource, energy has been the primary commodities of international trade, especially oil resources. Oil as a strategic material, is known as the ’blood’ of the modern industrial society. oil’s security directly affects countries’ national political and diplomatic ability. As one of the prioritize regions of The Belt and Road Initiative, the national major Development strategy, The Pan-Beibu Gulf Economic Zone is the important supplier for the energy in the Asian-Pacific region. It is meaningful to get the further cooperation of energy and to achieve effective utilization of regional energy.Based on the recent situation of the energy industry in the Pan-Beibu Gulf Economic Zone, the essay is to construct the heterogeneity analysis model about the energy production and consumption in terns of the Oil, Natural gas, Coal and Electricity. The paper show that the superiority of oil is being vanishing and the new-clean energy has not been used effectively in the Pan-Beibu Gulf Economic Zone. The energy of different regions is complementary to each other in the whole economical region, so that there are some possibilities to make further energy cooperation. Base on the theory of New Economic Geography. The paper Uses panel data of China and ASEAN countries from 1991 to 2013 to set up the econometric model of stationary random effect, analyzing the relationship among the market potential of the energy(capital externalities),refining capacity(technical externalities) and the energy value growth. The results of the mode above show that both potential growth of domestic market and international market have the positive impact on the growth of the energy value. There are no obvious alternative relations between the potential growth of domestic market and the potential growth of international market. Technical externality plays a significant role of the ’threshold effect’ for the energy value. Then according to the results of heterogeneity and externalities, the essay analyzes the energy cooperation situation in Pan-Beibu Gulf Economic Zone and forecast the future trend of the regional energy cooperation with the help of the social network of gravity model. At last, by the result of the further analysis, the essay puts forward the strategic concept about the energy cooperation in the Pan-Beibu Gulf Economic Zone.