Estimating the Future Economic Impact of Corn Ethanol Production in the U.S
This brief exercise assesses the potential economic impact value of ethanol production comparing current, 2007, estimates with a future level of production for 2016 and a long run equilibrium level (LRE) for 2025. The values for this estimate are driven by current Food and Agricultural Policy Research Institute (FAPRI) forecasts of corn and ethanol production. All of the estimates assume corn ethanol production only. No other kind of ethanol production is measured nor should be implied. By 2016, nearly 9,000 U.S. jobs will be directly linked to ethanol production, supporting in total nearly 47,200 jobs in the whole economy, given the assumptions in the analysis.
|Date of creation:||01 Dec 2007|
|Date of revision:|
|Contact details of provider:|| Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070|
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:isu:genres:12864. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Curtis Balmer)
If references are entirely missing, you can add them using this form.