Serra, Teresa; Zilberman, David - International Association of Agricultural Economists - IAAE - 2009
Our paper looks at how price volatility in the Brazilian ethanol industry changes over time and across markets. Demand … and supply forces in the energy and food markets are likely to ensure that crude oil, ethanol and feedstock prices co …-move in the long-run. Hence, when assessing price volatility changes and spillovers in the ethanol industry, one should also …