de Gorter, Harry; Drabik, Dusan; Kliauga, Erika M. - 2013
The lack of growth in the Brazilian sugarcane-ethanol complex since the 2008 financial crisis has been blamed on … ethanol. This paper develops an empirical model of the Brazilian fuel-ethanol-sugar complex to analyze the impacts of these … policies. Unlike biofuel mandates and tax exemptions elsewhere, Brazil's fuel-ethanol-sugar markets and fuel policies are …