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Economy-wide impacts of biofuels in Argentina

Author

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  • Timilsina, Govinda R.
  • Chisari, Omar O.
  • Romero, Carlos A.

Abstract

Argentina is one of the world's largest biodiesel producers and the largest exporter, using soybeans as feedstock. Using a computable general equilibrium model that explicitly represents the biofuel industry, this study carries out several simulations on two sets of issues: (i) international markets for biofuel and feedstock, such as an increase in prices of soybean, soybean oil, and biodiesel, and (ii) domestic policies related to biofuels, such as an introduction of biofuel mandates. Both sets of issues can have important consequences to the Argentinean economy. The simulations indicate that increases in international prices of biofuels and feedstocks would increase Argentina's gross domestic product and social welfare. Increases in international prices of ethanol and corn also can benefit Argentina, but to a lesser extent. The domestic mandates for biofuels, however, would cause small losses in economic output and social welfare because they divert part of biodiesel and feedstock from exports to lower-return domestic consumption. An increase in the export tax on either feedstock or biodiesel also would lead to a reduction in gross domestic product and social welfare, although government revenue would rise.

Suggested Citation

  • Timilsina, Govinda R. & Chisari, Omar O. & Romero, Carlos A., 2013. "Economy-wide impacts of biofuels in Argentina," Energy Policy, Elsevier, vol. 55(C), pages 636-647.
  • Handle: RePEc:eee:enepol:v:55:y:2013:i:c:p:636-647
    DOI: 10.1016/j.enpol.2012.12.060
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    References listed on IDEAS

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    1. Bohringer, Christoph & Rutherford, Thomas F., 2008. "Combining bottom-up and top-down," Energy Economics, Elsevier, vol. 30(2), pages 574-596, March.
    2. Govinda R. Timilsina & John C. Beghin & Dominique van der Mensbrugghe & Simon Mevel, 2012. "The impacts of biofuels targets on land‐use change and food supply: A global CGE assessment," Agricultural Economics, International Association of Agricultural Economists, vol. 43(3), pages 315-332, May.
    3. Romero, Carlos A., 2009. "Calibración de modelos de equilibrio general computado: Métodos y práctica usual
      [Calibration of CGE models: Methods and current practice]
      ," MPRA Paper 17767, University Library of Munich, Germany.
    4. Rutherford, Thomas F, 1999. "Applied General Equilibrium Modeling with MPSGE as a GAMS Subsystem: An Overview of the Modeling Framework and Syntax," Computational Economics, Springer;Society for Computational Economics, vol. 14(1-2), pages 1-46, October.
    5. Sherman Robinson & Andrea Cattaneo & Moataz El-Said, 2001. "Updating and Estimating a Social Accounting Matrix Using Cross Entropy Methods," Economic Systems Research, Taylor & Francis Journals, vol. 13(1), pages 47-64.
    6. Diao, Xinshen & Diaz-Bonilla, Eugenio & Robinson, Sherman & Orden, David, 2005. "Tell me where it hurts, an' I'll tell you who to call," MTID discussion papers 84, International Food Policy Research Institute (IFPRI).
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    Cited by:

    1. repec:eee:enepol:v:127:y:2019:i:c:p:361-373 is not listed on IDEAS
    2. Cremonez, Paulo André & Feroldi, Michael & Feiden, Armin & Gustavo Teleken, Joel & José Gris, Diego & Dieter, Jonathan & de Rossi, Eduardo & Antonelli, Jhonatas, 2015. "Current scenario and prospects of use of liquid biofuels in South America," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 352-362.
    3. Olga Solleder, 2013. "Panel Export Taxes (PET) Dataset: New Data on Export Tax Rates," IHEID Working Papers 07-2013, Economics Section, The Graduate Institute of International Studies.

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