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Bioethanol Production In Mexico: Socio- Economic Implications, Produccion De Bioetanol En Mexico: Implicaciones Socio-Economicas

Author

Listed:
  • Alberto Perez Fernandez
  • Jose Apolonio Venegas Venegas

Abstract

Energy reforms in Mexico and the search for new sources of environmentally friendly energy have generated changes in the Mexican economy. One potential solution for decreasing the emission of greenhouse gases is the use of bioethanol produced from corn, sorghum, barley or wheat. These crops were studied to estimate the elasticities of the Marshallian and Hicksian demands through the application of the Almost Ideal Demand System with seemingly unrelated regressions and the use of the Stone Index. Results indicate that corn is the only superior good. Its demand increases despite price increments. The apparent relationship with the use of corn in the United States for the production of ethanol has generated speculation in the international market and has affected the price of tortilla and corn, decreasing the capability of the Mexican population for purchasing corn derived products

Suggested Citation

  • Alberto Perez Fernandez & Jose Apolonio Venegas Venegas, 2017. "Bioethanol Production In Mexico: Socio- Economic Implications, Produccion De Bioetanol En Mexico: Implicaciones Socio-Economicas," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 10(1), pages 13-24.
    • Handle: RePEc:ibf:riafin:v:10:y:2017:i:1:p:13-24
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    More about this item

    Keywords

    Demand; Elasticity; Stone Index; Biofuels;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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