In this paper, we analyze the relationships between the prices of biodiesel, ethanol and related fuels and agricultural commodities with a use of minimal spanning trees and hierarchical trees. To distinguish between short-term and medium-term effects, we construct these trees for different...

This article reviews the production capacity of Polish agriculture with respect to biomass used for energy production. The forecast production potential of agricultural biomass in Poland in 2020 includes three key areas: the expected consumption of renewable energy according to energy type, the...

For the first time, we apply the wavelet coherence methodology on biofuels (ethanol and biodiesel) and a wide range of related commodities (gasoline, diesel, crude oil, corn, wheat, soybeans, sugarcane and rapeseed oil). This way, we are able to investigate dynamics of correlations in time and...

Purpose – This paper aims provides an empirical analysis of the development of the internationalisation process in the Spanish hotel industry, which has experienced major changes during the past decade. The degree of internationalisation between 2000 and 2010 is used as a proxy variable with...

This paper examines the decisions of Irish farmers to convert to organic farming by applying the theory of planned behaviour to control for social influence and technical constraints. Cluster analysis and principal component analysis are utilised to account for sample heterogeneity and to...

We present a new framework to identify supply elasticities of storable commodities where past shocks are used as exogenous price shifters. In the agricultural context, past yield shocks change inventory levels and futures prices of agricultural commodities. We use our estimated elasticities to...

Ethanol crush spreads are used to model the value of a facility which produces ethanol from corn. A real option analysis is used to investigate the effects of model parameters on the related managerial decisions of (i) how to operate the facility through optimal switching from idled to...

One of the major challenges of the National Biofuel Policy in India is to achieve a target of 20% blending of biodiesel by 2017. This demands expansion of area under jatropha plantation, as jatropha is the major source of biodiesel in India. Under this background, present paper makes an attempt...