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Kliauga, de Gorter, and Just (2008) and de Gorter, Drabik, and Just (2010) argue that the United States and the European Union establish the world ethanol and biodiesel prices, respectively. We test these theories using a cointegration analysis and the Vector Error Correction (VEC) model. Weekly...
Persistent link: https://www.econbiz.de/10009442290
Based on their theoretical predictions, Kliauga, de Gorter, and Just (2008) and de Gorter,Drabik, and Just (2010) argue that the United States and the European Union establish the worldethanol and biodiesel prices, respectively. We test these theories using cointegration analysisand the Vector...
Persistent link: https://www.econbiz.de/10009442841
Replaced with revised version of paper 12/06/06.
Persistent link: https://www.econbiz.de/10009443095
We analyze the impact of trade liberalization and removal of the federal tax credit in the United States on U.S. and Brazilian ethanol markets using a multi-market international ethanol model calibrated on 2005 market data and policies. The removal of trade distortions induces a 23.9 percent...
Persistent link: https://www.econbiz.de/10009444955