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

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  • Golub, Alla
  • Hertel, Thomas
  • Taheripour, Farzad
  • Tyner, Wally

Abstract

Over the past decade, biofuels production in the EU and US has boomed - much of this due to government mandates and subsidies. The US 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.

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Bibliographic Info

Paper provided by Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University in its series GTAP Working Papers with number 3406.

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Date of creation: 2010
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Handle: RePEc:gta:workpp:3406

Note: GTAP Working Paper No. 61
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Cited by:
  1. Thierry Brunelle & Patrice Dumas, 2012. "Can Numerical Models Estimate Indirect Land-use Change?," Working Papers, Fondazione Eni Enrico Mattei 2012.65, Fondazione Eni Enrico Mattei.
  2. Hertel, Thomas, 2013. "Global Applied General Equilibrium Analysis Using the Global Trade Analysis Project Framework," Handbook of Computable General Equilibrium Modeling, Elsevier, Elsevier.
  3. Ernesto Valenzuela & Kym Anderson, 2011. "Climate Change and Food Security to 2030: A Global Economy-wide Perspective," Centre for International Economic Studies Working Papers, University of Adelaide, Centre for International Economic Studies 2011-02, University of Adelaide, Centre for International Economic Studies.

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