IDEAS home Printed from https://ideas.repec.org/a/ags/rdecag/184551.html
   My bibliography  Save this article

Mensuração das Elasticidades-preço da Demanda, Cruzada e Renda no Mercado de Etanol Brasileiro: um estudo usando painéis cointegrados

Author

Listed:
  • Cardoso, Leonardo Chaves Borges
  • Bittencourt, Maurício Vaz Lobo

Abstract

The future shortage of fossil energy is not shared by the entire academy, but the need of renewable energy sources is a consensus. Based on this, the ethanol from sugarcane in Brazil becomes an excellent energy alternative by offering better indicators, such as: less land intensity, lower production costs and larger CO2 reduction when compared with other energy producing crops. However, there are no studies that estimate the long run ethanol demand using panel data or either estimate it at regional level. Therefore, this study aims to estimate the price, income and cross price demand elasticities for ethanol in the short and long run. The estimates are both at national and regional levels for Brazil, from July 2001 to July 2011, on a monthly basis. Panel data econometrics are used and forecasts use the following estimators: General Least Squares (GLS) with correction for heteroscedasticity for short run and Dynamic Ordinary Least Squares (DOLS) for long run. Results indicate that ethanol is price elastic, with elasticity around -1.42 and -3.30 for the short and long run, respectively. There was an increase of cross and price elasticities in the short run in the post-flex period.

Suggested Citation

  • Cardoso, Leonardo Chaves Borges & Bittencourt, Maurício Vaz Lobo, 2013. "Mensuração das Elasticidades-preço da Demanda, Cruzada e Renda no Mercado de Etanol Brasileiro: um estudo usando painéis cointegrados," Brazilian Journal of Rural Economy and Sociology (Revista de Economia e Sociologia Rural-RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 51(4), pages 1-20, December.
    • Handle: RePEc:ags:rdecag:184551
    DOI: 10.22004/ag.econ.184551
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/184551/files/Artigo%208.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.184551?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mauricio Vaz Lobo Bittencourt & Leonardo Chaves Borges Cardoso & Elena Grace Irwin, 2016. "Biofuels Policies And Fuel Demand Elasticities In Brazil: An Iv Approach," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 181, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    2. Rodrigues, Luciano & Bacchi, Mirian Rumenos Piedade, 2017. "Analyzing light fuel demand elasticities in Brazil using cointegration techniques," Energy Economics, Elsevier, vol. 63(C), pages 322-331.
    3. Cardoso, Leonardo C.B. & Bittencourt, Maurício V.L. & Litt, Wade H. & Irwin, Elena G., 2019. "Biofuels policies and fuel demand elasticities in Brazil," Energy Policy, Elsevier, vol. 128(C), pages 296-305.
    4. Julio Pereira de Araujo & Marcos Roberto Gois de Oliveira Macedo, 2018. "Cointegration Analysis among the Variables of the Ohlson Model for Brazilian Companies," Applied Finance and Accounting, Redfame publishing, vol. 4(1), pages 122-145, February.

    More about this item

    Keywords

    Agribusiness;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:rdecag:184551. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/soberea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.