IDEAS home Printed from https://ideas.repec.org/p/ags/aesc12/134717.html
   My bibliography  Save this paper

Linkages between the energy, biofuel and agricultural sectors

Author

Listed:
  • Patton, Myles
  • Binfield, Julian C.R.
  • Kim, In Seck
  • Zhang, Lichun
  • Davis, John

Abstract

The expansion of the EU biofuel sector in recent years has led to speculation that the linkages between the oil and agricultural markets has strengthened and resulted in increased transmission of price volatility. This study uses the FAPRI European modelling system, which includes a UK model, to explore the energy-biofuel-agricultural market linkages in the EU. The complete modelling system is a dynamic, partial equilibrium, multi-commodity model of the EU agriculture and liquid biofuel for transportation sectors. A stochastic approach is used in which the modelling system is simulated 500 times under different paths of oil prices and world commodity prices. This stochastic approach provides a means to analyse the impact of alternative crude oil prices on the biofuel and agricultural sectors. The model simulations demonstrate the complex interactions between the different sectors.

Suggested Citation

  • Patton, Myles & Binfield, Julian C.R. & Kim, In Seck & Zhang, Lichun & Davis, John, 2012. "Linkages between the energy, biofuel and agricultural sectors," 86th Annual Conference, April 16-18, 2012, Warwick University, Coventry, UK 134717, Agricultural Economics Society.
    • Handle: RePEc:ags:aesc12:134717
    DOI: 10.22004/ag.econ.134717
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/134717/files/Myles_Patton_Linkages%20between%20the%20energy%20biofuel%20and%20agricultural%20sectors%20-%202012%20AES%20conference%20paper.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.134717?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
    ---><---

    References listed on IDEAS

    as
    1. Moss, Joan E. & Binfield, Julian C.R. & Zhang, Lichun & Patton, Myles & Kim, In Seck, 2011. "A Stochastic Analysis of the Impact of Volatile World Agricultural Prices on European and UK Agriculture," 85th Annual Conference, April 18-20, 2011, Warwick University, Coventry, UK 108771, Agricultural Economics Society.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Britz, Wolfgang, 2014. "A New Graphical User Interface Generator for Economic Models and its Comparison to Existing Approaches," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 63(4).
    2. Britz, Wolfgang, 2014. "A New Graphical User Interface Generator for Economic Models and its Comparison to Existing Approaches," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 63(04), pages 1-15, December.

    More about this item

    Keywords

    Agricultural and Food Policy; Crop Production/Industries;

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:aesc12:134717. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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/aesukea.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.