Modeling Biofuels Policies in General Equilibrium: Insights, Pitfalls and Opportunities
AbstractOver 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 InfoPaper provided by Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University in its series GTAP Working Papers with number 3406.
Date of creation: 2010
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Note: GTAP Working Paper No. 61
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This paper has been announced in the following NEP Reports:
- NEP-AGR-2010-08-06 (Agricultural Economics)
- NEP-ALL-2010-08-06 (All new papers)
- NEP-CMP-2010-08-06 (Computational Economics)
- NEP-ENE-2010-08-06 (Energy Economics)
- NEP-ENV-2010-08-06 (Environmental Economics)
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