, the results indicated that when the impact is generated at the North-Northeastern Brazil, production and employment is …

, the results indicated that when the impact is generated at the North-Northeastern Brazil, production and employment is …

the most important ethanol markets – Brazil and the USA. For both of these markets we show that the long-run relationship … between prices of ethanol and corn (in USA) or sugar (in Brazil) is positive, strong and stable in time. Importantly, we show …