The regional economic impacts of biofuels: A review of multisectoral modelling techniques and evaluation of applications
AbstractThe regional economic impact of biofuel production depends upon a number of interrelated factors: the specific biofuels feedstock and production technology employed; the sectorâ€™s embeddedness to the rest of the economy, through its demand for local resources; the extent to which new activity is created. These issues can be analysed using multisectoral economic models. Some studies have used (fixed price) Input-Output (IO) and Social Accounting Matrix (SAM) modelling frameworks, whilst a nascent Computable General Equilibrium (CGE) literature has also begun to examine the regional (and national) impact of biofuel development. This paper reviews, compares and evaluates these approaches for modelling the regional economic impacts of biofuels.
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Bibliographic InfoPaper provided by University of Strathclyde Business School, Department of Economics in its series Working Papers with number 11-30.
Length: 48 pages
Date of creation: Oct 2011
Date of revision:
Publication status: Published
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More information through EDIRC
biofuels; economic modelling; input-output; social accounting matrix; computable general equilibrium.;
Other versions of this item:
- Allan, Grant, 2011. "The regional economic impacts of biofuels: A review of multisectoral modelling techniques and evaluation of applications," SIRE Discussion Papers 2011-74, Scottish Institute for Research in Economics (SIRE).
- D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
- R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-11-14 (Agricultural Economics)
- NEP-ALL-2011-11-14 (All new papers)
- NEP-CMP-2011-11-14 (Computational Economics)
- NEP-ENE-2011-11-14 (Energy Economics)
- NEP-HME-2011-11-14 (Heterodox Microeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mark D. Partridge & Dan S. Rickman, 1998. "Regional Computable General Equilibrium Modeling: A Survey and Critical Appraisal," International Regional Science Review, , vol. 21(3), pages 205-248, December.
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