Electricity trade in South America: an analysis based on the gravity equation

We explore the determinants of the electricity trade in the South American region, using a gravity approach, for the period 2009 - 2019. We find that electricity trade is related to the size of the economies involved and reflets conditions of relative scarcity, which is observed in destination price...

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Detalles Bibliográficos
Autores principales: Cont, Walter Alberto, Barril, Diego, Carbó, Agustín
Formato: Objeto de conferencia
Lenguaje:Inglés
Publicado: 2021
Materias:
Ciencias Económicas
Electricity trade
South America
gravity
Acceso en línea:http://sedici.unlp.edu.ar/handle/10915/170208
Aporte de:
SEDICI (UNLP) de Universidad Nacional de La Plata
id I19-R120-10915-170208
record_format dspace
spelling I19-R120-10915-1702082024-09-16T20:09:15Z http://sedici.unlp.edu.ar/handle/10915/170208 Electricity trade in South America: an analysis based on the gravity equation Cont, Walter Alberto Barril, Diego Carbó, Agustín 2021-11 2021 2024-09-16T17:35:15Z en Ciencias Económicas Electricity trade South America gravity We explore the determinants of the electricity trade in the South American region, using a gravity approach, for the period 2009 - 2019. We find that electricity trade is related to the size of the economies involved and reflets conditions of relative scarcity, which is observed in destination prices. Also, we find that there is a relation between commerce and structural conditions in the exporting country, such as the relevance of nonconventional renewable energy or the reserve system. All these results suggest that energy exchanges are driven by demand determinants (activity and prices) as long as supply conditions (lower-cost energy sources and available capacity in exporting countries) are adequate. The paper also explores policy implications about the conditions needed for countries to engage in integration and trade: the added value for the actors and future predictability of trade. Este paper explora los determinantes del comercio de electricidad en la región de América del Sur, utilizando un enfoque gravitacional, para el período 2009 - 2019. Esta metodología permite identificar que el comercio de electricidad está relacionado con el tamaño de las economías involucradas y refleja condiciones de escasez relativa, que se observa en los precios del país de destino. Asimismo, existe una relación entre el comercio (principalmente de oportunidad) y las condiciones estructurales del país exportador, como la relevancia de las energías renovables no convencionales o el sistema de reservas. Todos estos resultados sugieren que los intercambios de energía están impulsados por determinantes de la demanda (actividad y precios) siempre que las condiciones de oferta (fuentes de energía de menor costo y capacidad disponible en los países exportadores) sean adecuadas. El documento también explora las implicaciones de política sectorial y regional, en particular, sobre las condiciones necesarias para que los países se involucren en la integración y el comercio: el valor agregado para los actores y la previsibilidad futura del comercio. Facultad de Ciencias Económicas Objeto de conferencia Objeto de conferencia http://creativecommons.org/licenses/by-nc-sa/4.0/ Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0) application/pdf
institution Universidad Nacional de La Plata
institution_str I-19
repository_str R-120
collection SEDICI (UNLP)
language Inglés
topic Ciencias Económicas
Electricity trade
South America
gravity
spellingShingle Ciencias Económicas
Electricity trade
South America
gravity
Cont, Walter Alberto
Barril, Diego
Carbó, Agustín
Electricity trade in South America: an analysis based on the gravity equation
topic_facet Ciencias Económicas
Electricity trade
South America
gravity
description We explore the determinants of the electricity trade in the South American region, using a gravity approach, for the period 2009 - 2019. We find that electricity trade is related to the size of the economies involved and reflets conditions of relative scarcity, which is observed in destination prices. Also, we find that there is a relation between commerce and structural conditions in the exporting country, such as the relevance of nonconventional renewable energy or the reserve system. All these results suggest that energy exchanges are driven by demand determinants (activity and prices) as long as supply conditions (lower-cost energy sources and available capacity in exporting countries) are adequate. The paper also explores policy implications about the conditions needed for countries to engage in integration and trade: the added value for the actors and future predictability of trade.
format Objeto de conferencia
Objeto de conferencia
author Cont, Walter Alberto
Barril, Diego
Carbó, Agustín
author_facet Cont, Walter Alberto
Barril, Diego
Carbó, Agustín
author_sort Cont, Walter Alberto
title Electricity trade in South America: an analysis based on the gravity equation
title_short Electricity trade in South America: an analysis based on the gravity equation
title_full Electricity trade in South America: an analysis based on the gravity equation
title_fullStr Electricity trade in South America: an analysis based on the gravity equation
title_full_unstemmed Electricity trade in South America: an analysis based on the gravity equation
title_sort electricity trade in south america: an analysis based on the gravity equation
publishDate 2021
url http://sedici.unlp.edu.ar/handle/10915/170208
work_keys_str_mv AT contwalteralberto electricitytradeinsouthamericaananalysisbasedonthegravityequation
AT barrildiego electricitytradeinsouthamericaananalysisbasedonthegravityequation
AT carboagustin electricitytradeinsouthamericaananalysisbasedonthegravityequation
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