U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation have been quite modest even after the change in U.S. biofuel policies in 2006. In contrast, increases in the real prices of corn, soybeans, wheat and rice received by U.S. farmers...

In this paper, we analyse the impact of political economy factors on the production of bioenergy. We theoretically and empirically show that the quality of governance and environmental policy stringency instruments promote the development of bioenergy production. We also find that the factors...