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Chapter 6 Modeling Biofuels Policies in General Equilibrium: Insights, Pitfalls, and Opportunities

In: New Developments in Computable General Equilibrium Analysis for Trade Policy

Author

Listed:
  • Alla Golub
  • Thomas W. Hertel
  • Farzad Taheripour
  • Wallace E. Tyner

Abstract

Over the past decade, biofuels production in the European Union and the United States has boomed – much of this due to government mandates and subsidies. The United States has now surpassed Brazil as the world's leading producer of ethanol. The economic and environmental impact of these biofuel programs has become an important question of public policy. Due to the complex intersectoral linkages between biofuels and crops, livestock as well as energy activities, CGE modeling has become an important tool for their analysis. This chapter reviews recent developments in this area of economic analysis and suggests directions for future research.

Suggested Citation

  • Alla Golub & Thomas W. Hertel & Farzad Taheripour & Wallace E. Tyner, 2010. "Chapter 6 Modeling Biofuels Policies in General Equilibrium: Insights, Pitfalls, and Opportunities," Frontiers of Economics and Globalization, in: New Developments in Computable General Equilibrium Analysis for Trade Policy, pages 153-187, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:fegzzz:s1574-8715(2010)0000007009
    DOI: 10.1108/S1574-8715(2010)0000007009
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