(Chang and Li, 2013)
found that more open power trade regime encourages development of renewable sources of power generation, and accrues more savings in the total cost of meeting the growing future power demand.
a few existing studies have focused on the institutional and policy aspects of regional development in relation with energy cooperation.The policy and institutional barriers to the formation of the Greater Mekong Sub-region (GMS) developing new power generation capacity and transmission lines to meet the growing demand over time.