The emerging biofuel sector has drawn great interest as an alternative source of fuel for transportation. The expansion of biofuels greatly impacts world agricultural markets, since currently, the primary feedstocks for ethanol and biodiesel production are field crops and their derived products....

The interconnections within food, biofuel and fossil fuel markets are first described in the context of biofuels technologies and economic policy framework. Consequently, the econometric analysis consisting of Johansen cointegration, error correction model, vector autoregression and Granger...

In this paper, we analyze the relationships between the prices of biodiesel, ethanol and related fuels and agricultural commodities with a use of minimal spanning trees and hierarchical trees. We find that in short-term, both ethanol and biodiesel are very weakly connected with the other...

Replaced with revised version of paper 12/06/06.

In this paper, we draw the key linkages between future biofuels growth on agricultural commodity prices, and highlight some of the key uncertainties over OECD fuel and energy policies, and their implications for global agricultural markets and the world food situation. Our results show some of...

Projections of U.S. ethanol production and its impacts on planted acreage, crop prices, livestock production and prices, trade, and retail food costs are presented under the assumption that current tax credits and trade policies are maintained. The projections were made using a multi-product,...

The tighter linkages between energy and crop markets due to recent climate and energy legislation in the US have large potential environmental impacts beyond carbon sequestration and climate mitigation. These range from effects on water quality and quantity, soil erosion, habitat and...

We assess the fuel-food price linkage models of the structural and of the time series nature with the main attention devoted to the time series literature. We document shifting focus from a straightforward vector autoregressive and error-correction analysis of fuel-food commodity price level...