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...
Guardado en:
| Autores principales: | , , |
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| Formato: | Objeto de conferencia |
| Lenguaje: | Inglés |
| Publicado: |
2021
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| Materias: | |
| Acceso en línea: | http://sedici.unlp.edu.ar/handle/10915/170208 |
| Aporte de: |
| Sumario: | 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. |
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