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Modeling Biofuels Policies in General Equilibrium: Insights, Pitfalls and Opportunities

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  • Golub, Alla
  • Hertel, Thomas
  • Taheripour, Farzad
  • Tyner, Wally

Abstract

Over 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.

Suggested Citation

  • Golub, Alla & Hertel, Thomas & Taheripour, Farzad & Tyner, Wally, 2010. "Modeling Biofuels Policies in General Equilibrium: Insights, Pitfalls and Opportunities," GTAP Working Papers 3406, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
  • Handle: RePEc:gta:workpp:3406
    Note: GTAP Working Paper No. 61
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    File URL: https://www.gtap.agecon.purdue.edu/resources/res_display.asp?RecordID=3406
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    Cited by:

    1. Hertel, Thomas, 2013. "Global Applied General Equilibrium Analysis Using the Global Trade Analysis Project Framework," Handbook of Computable General Equilibrium Modeling, Elsevier.
    2. Thierry Brunelle & Patrice Dumas, 2012. "Can Numerical Models Estimate Indirect Land-use Change?," Working Papers 2012.65, Fondazione Eni Enrico Mattei.
    3. James A. Giesecke & Nhi Hoang Tran & Erwin L. Corong & Steven Jaffee, 2013. "Rice Land Designation Policy in Vietnam and the Implications of Policy Reform for Food Security and Economic Welfare," Journal of Development Studies, Taylor & Francis Journals, vol. 49(9), pages 1202-1218, September.
    4. Valenzuela, Ernesto & Anderson, Kym, 2011. "Climate change and food security to 2030: a global economy-wide perspective," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 11(1).
    5. Debnath, Deepayan & Whistance, Jarrett & Thompson, Wyatt & Binfield, Julian, 2017. "Complement or substitute: Ethanol’s uncertain relationship with gasoline under alternative petroleum price and policy scenarios," Applied Energy, Elsevier, vol. 191(C), pages 385-397.

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