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Impacts of the Brazilian Bio-Diesel Program on the World Soybean and Soybean Products Market: An Econometric Simulation Approach

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  • Koizumi, Tatsuji
  • Ohga, Keiji

Abstract

To develop a low-income region, the Brazilian Government will start a bio-diesel program in 2008. The government will provide castor beans, palm oil, sunflowers, cotton, peanuts, and soybean as the raw materials for bio-diesel production. Because of their favorable production costs and production levels, soybean have certain advantages over other crops in the production of bio-diesel. Our study is the first to evaluate the impact the Brazilian bio-diesel program will have on the domestic soybean and soybean products markets, by applying a newly developed world soybean and soybean products model. Our simulation suggests moderate impacts on the world soybean and soybean products markets.

Suggested Citation

  • Koizumi, Tatsuji & Ohga, Keiji, 2008. "Impacts of the Brazilian Bio-Diesel Program on the World Soybean and Soybean Products Market: An Econometric Simulation Approach," Japanese Journal of Agricultural Economics (formerly Japanese Journal of Rural Economics), Agricultural Economics Society of Japan (AESJ), vol. 10, pages 1-21.
  • Handle: RePEc:ags:jpjjre:242135
    DOI: 10.22004/ag.econ.242135
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    References listed on IDEAS

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    1. Frondel, Manuel & Peters, Jorg, 2007. "Biodiesel: A new Oildorado?," Energy Policy, Elsevier, vol. 35(3), pages 1675-1684, March.
    2. William H. Meyers & Michael D. Helmar & S. Devadoss, 1986. "FAPRI Trade Model for the Soybean Sector: Specification, Estimation, and Validation," Food and Agricultural Policy Research Institute (FAPRI) Publications (archive only) 86-sr2, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    3. William H. Meyers & Michael D. Helmar & S. Devadoss, 1986. "FAPRI Trade Model for the Soybean Sector: Specification, Estimation, and Validation," Center for Agricultural and Rural Development (CARD) Publications 86-sr2, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    4. Koizumi, Tatsuji & Ohga, Keiji, 2006. "Impacts of the Chinese Fuel-Ethanol Program on the World Corn Market: An Econometric Simulation Approach," Japanese Journal of Agricultural Economics (formerly Japanese Journal of Rural Economics), Agricultural Economics Society of Japan (AESJ), vol. 8, pages 1-15.
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    6. Koizumi, Tatsuji & Yanagishima, Koji, 2005. "Impacts of the Brazilian Ethanol Program on the World Ethanol and Sugar Market: An Econometric Simulation Approach," Japanese Journal of Agricultural Economics (formerly Japanese Journal of Rural Economics), Agricultural Economics Society of Japan (AESJ), vol. 7, pages 1-17.
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    Cited by:

    1. Yuki Ishikawa Ishiwata & Jun Furuya, 2020. "Evaluating the Contribution of Soybean Rust- Resistant Cultivars to Soybean Production and the Soybean Market in Brazil: A Supply and Demand Model Analysis," Sustainability, MDPI, vol. 12(4), pages 1-17, February.
    2. Arifa Jannat & Yuki Ishikawa-Ishiwata & Jun Furuya, 2022. "Does Climate Change Affect Rapeseed Production in Exporting and Importing Countries? Evidence from Market Dynamics Syntheses," Sustainability, MDPI, vol. 14(10), pages 1-26, May.
    3. Yuki Ishikawa-Ishiwata & Jun Furuya, 2021. "Fungicide Cost Reduction with Soybean Rust-Resistant Cultivars in Paraguay: A Supply and Demand Approach," Sustainability, MDPI, vol. 13(2), pages 1-14, January.

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