Yang, Juan; Leatham, David J. - Agricultural and Applied Economics Association - AAEA - 2012
among these six variables: rice, wheat, corn, coal, crude oil and ethanol. Our major contribution to the existing literature … energy prices. We also find that ethanol price is neither in the long-run equilibrium nor responding to deviation from long …-run equilibrium. It supports that under the current policy, Chinese government has done well to prevent the ethanol price driving up …