| ID | 125473 |
| Title Proper | How policies affect international biofuel price linkages |
| Language | ENG |
| Author | Rajcaniova, Miroslava ; Drabik, Dusan ; Ciaian, Pavel |
| Publication | 2013. |
| Summary / Abstract (Note) | We estimate the role of biofuel policies in determining which country is the price leader in world biofuel markets using a cointegration analysis and a Vector Error Correction (VEC) model. Weekly prices are analyzed for the EU, US, and Brazilian ethanol and biodiesel markets in the 2002-2010 and 2005-2010 time periods, respectively. The US blender's tax credit and Brazil's consumer tax exemption are found to play a role in determining the ethanol prices in other countries. For biodiesel, our results demonstrate that EU policies - the consumer tax exemption and blending target - tend to determine the world biodiesel price. |
| `In' analytical Note | Energy Policy Vol.59; Aug 2013: p.857-865 |
| Journal Source | Energy Policy Vol.59; Aug 2013: p.857-865 |
| Key Words | Biofuels ; Policies ; Prices |