Publication:
Trade Networks in Latin America: Spatial Inefficiencies and Optimal Expansions

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dc.contributor.authorGorton, Nicole
dc.contributor.authorIanchovichina, Elena
dc.date.accessioned2021-11-12T20:13:32Z
dc.date.available2021-11-12T20:13:32Z
dc.date.issued2021-11
dc.description.abstractHow do trade connectivity issues affect the efficient spatial distribution of economic activity within and across countries in Latin America This paper uses a spatial general equilibrium framework to construct optimal transport networks and optimal expansions to existing networks in most Latin American countries, as well as within MERCOSUR and the Andean Community. The paper assesses the average annual welfare losses due to inefficient domestic road networks in Latin America at 1.7 percent, ranging from 2.5 percent in Brazil to 0.2 percent in El Salvador. Spatial misallocation of transnational road networks is associated with annual welfare losses of 1.8 percent in MERCOSUR and 1.6 percent in the Andean Community. Optimal investments in improvements and expansions of existing networks can correct these inefficiencies and reduce spatial inequality within countries. These investments correlate relatively well with World Bank road projects because both the model and the World Bank prioritize investments in high population areas. Transnational road improvements benefit the most the least developed country in each trade bloc. The results are robust to changes in data sources and model assumptions.en
dc.identifierhttp://documents.worldbank.org/curated/undefined/936651636137366844/Trade-Networks-in-Latin-America-Spatial-Inefficiencies-and-Optimal-Expansions
dc.identifier.doi10.1596/1813-9450-9843
dc.identifier.urihttps://hdl.handle.net/10986/36555
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9843
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectTRADE
dc.subjectTRANSPORT NETWORK
dc.subjectSPATIAL EQUILIBRIUM
dc.subjectROAD INFRASTRUCTURE
dc.subjectECONOMIC GEOGRAPHY
dc.subjectREGIONAL TRADE INTEGRATION
dc.subjectMERCOSUR
dc.subjectANDEAN COMMUNITY
dc.titleTrade Networks in Latin Americaen
dc.title.subtitleSpatial Inefficiencies and Optimal Expansionsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleTrade Networks in Latin America: Spatial Inefficiencies and Optimal Expansions
okr.date.disclosure2021-11-05
okr.date.doiregistration2025-04-10T10:30:27.369840Z
okr.date.lastmodified2021-11-05T00:00:00Zen
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/undefined/936651636137366844/Trade-Networks-in-Latin-America-Spatial-Inefficiencies-and-Optimal-Expansions
okr.guid936651636137366844
okr.identifier.doi10.1596/1813-9450-9843
okr.identifier.externaldocumentum090224b088b2c1ad_1_0
okr.identifier.internaldocumentum33588191
okr.identifier.reportWPS9843
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/936651636137366844/pdf/Trade-Networks-in-Latin-America-Spatial-Inefficiencies-and-Optimal-Expansions.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalSouth America
okr.topicTransport::Roads & Highways
okr.topicInfrastructure Economics and Finance::Infrastructure Economics
okr.topicInternational Economics and Trade::International Trade and Trade Rules
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicInternational Economics and Trade::Trade and Transport
okr.unitOffice of the Chief Economist, Latin America and the Caribbean Region
relation.isAuthorOfPublication814995f9-044c-566a-9355-890a6ac260ae
relation.isAuthorOfPublication.latestForDiscovery814995f9-044c-566a-9355-890a6ac260ae
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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