Article
Licensed
Unlicensed
Requires Authentication
Estimating the Welfare Effects of U.S. Distortions in the Ethanol Market Using a Partial Equilibrium Trade Model
-
Ariadna Martinez-Gonzalez
Published/Copyright:
December 10, 2007
In this paper the impact of distortions on U.S. imports of ethanol from Brazil are calculated. This is achieved by using two-stage least squares to estimate a partial equilibrium trade model based on annual data from 1975 to 2006. From this the derived export supply and import demand elasticities are used to derive "back-of-the-envelope" measures of the static and cumulative deadweight losses, assuming the distortions are not eliminated. The results presented support the hypothesis that the U.S. and Brazil would reap gains from trade if distortions in the U.S. ethanol market were eliminated.
Published Online: 2007-12-10
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
You are currently not able to access this content.
You are currently not able to access this content.
Articles in the same Issue
- Article
- Explorations in Biofuels Economics, Policy, and History: Introduction to the Special Issue
- Policy Alternatives for the Future Biofuels Industry
- Ethanol: No Free Lunch
- Fuel Ethanol Subsidies and Farm Price Support
- Estimating the Welfare Effects of U.S. Distortions in the Ethanol Market Using a Partial Equilibrium Trade Model
- Ethanol Expansion in the Food versus Fuel Debate: How Will Developing Countries Fare?
- European Union Policy on Bioenergy and the Role of Sustainability Criteria and Certification Systems
- Biofuels Policies in Asian Countries: Impact of the Expanded Biofuels Programs on World Agricultural Markets
- Potential Land Use Implications of a Global Biofuels Industry
- Technical and Financial Feasibility Analysis of Distributed Bioprocessing Using Regional Biomass Pre-Processing Centers
- Fueling the Automobile: An Economic Exploration of Early Adoption of Gasoline over Ethanol
Articles in the same Issue
- Article
- Explorations in Biofuels Economics, Policy, and History: Introduction to the Special Issue
- Policy Alternatives for the Future Biofuels Industry
- Ethanol: No Free Lunch
- Fuel Ethanol Subsidies and Farm Price Support
- Estimating the Welfare Effects of U.S. Distortions in the Ethanol Market Using a Partial Equilibrium Trade Model
- Ethanol Expansion in the Food versus Fuel Debate: How Will Developing Countries Fare?
- European Union Policy on Bioenergy and the Role of Sustainability Criteria and Certification Systems
- Biofuels Policies in Asian Countries: Impact of the Expanded Biofuels Programs on World Agricultural Markets
- Potential Land Use Implications of a Global Biofuels Industry
- Technical and Financial Feasibility Analysis of Distributed Bioprocessing Using Regional Biomass Pre-Processing Centers
- Fueling the Automobile: An Economic Exploration of Early Adoption of Gasoline over Ethanol
