Liberalization Archives - WITA http://www.wita.org/atp-research-topics/liberalization/ Fri, 18 Jun 2021 14:17:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 /wp-content/uploads/2018/08/android-chrome-256x256-80x80.png Liberalization Archives - WITA http://www.wita.org/atp-research-topics/liberalization/ 32 32 How Much Does Latin America Gain from Enhanced Cross-Border Electricity Trade in the Short Run? /atp-research/latin-america-cross-border-electricity/ Tue, 08 Jun 2021 14:13:51 +0000 /?post_type=atp-research&p=28373 Regional or cross-border trade of electricity would be beneficial for all trading partners for multiple reasons. However, cross-border electricity trade in Latin America is limited, and the potential benefits have...

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]]> Regional or cross-border trade of electricity would be beneficial for all trading partners for multiple reasons. However, cross-border electricity trade in Latin America is limited, and the potential benefits have been forfeited. This study estimates the potential savings on electricity supply costs if 20 Latin American countries allowed unrestricted trade of electricity between the borders without expanding their current electricity generation capacity. Two hypothetical electricity trade scenarios—unconstrained trade of electricity between the countries within the Andean, Central, and Mercosur subregions and full regional trade involving all 20 countries are simulated using a power system model. The study shows that the volume of cross-border electricity trade would increase by 13 and 29 percent under the subregional and regional scenarios, respectively. The region would gain US$1.5 billion annually under the subregional scenario and almost US$2 billion under the full regional scenario. More than half of this gain would be realized by the Andean subregion under both scenarios. These are short-term benefits without expanding the current electricity generation capacities. In the future, when countries add more generation capacity to meet their increasing demand, the potential benefits of electricity trade would be higher. A further study is needed to measure the increased benefits in the long run.

How-Much-Does-Latin-America-Gain-from-Enhanced-Cross-Border-Electricity-Trade-in-the-Short-Run

To read the full report from The World Bank Group, please click here.

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]]> Long-Run Effects of Trade Liberalization on Local Labor Markets: Evidence from South Africa /atp-research/trade-liberalization-local-markets/ Wed, 02 Jun 2021 16:22:59 +0000 /?post_type=atp-research&p=27950 This paper uses municipal-level data from South Africa for the period 1996–2011 to estimate the medium to long-run effects of trade liberalization on local labor markets. It finds that local...

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]]> This paper uses municipal-level data from South Africa for the period 1996–2011 to estimate the medium to long-run effects of trade liberalization on local labor markets. It finds that local labor markets that were more exposed to tariff cuts tended to experience slower growth in employment and income per capita than less exposed regions. The longer-term effects of trade liberalization on regional earnings are stronger than the medium-term effects, and tend to be more pronounced among municipalities that included the former homelands.

Long-Run-Effects-of-Trade-Liberalization-on-Local-Labor-Markets-Evidence-from-South-Africa

To read the original report from The World Bank Group, please click here.

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