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Kliauga, de Gorter, and Just (2008) and de Gorter, Drabik, and Just (2010) argue that the United States and the European Union establish the world ethanol and biodiesel prices, respectively. We test these theories using a cointegration analysis and the Vector Error Correction (VEC) model. Weekly...
Persistent link: https://www.econbiz.de/10009442290
Since 2004 there has been a sharp decrease in border protection for the EU rice industry. Because the EU grants trade preferences to a considerable number of rice exporting developing countries, the reform implied preference erosion as well. By addressing the impact of preference erosion on...
Persistent link: https://www.econbiz.de/10009442292
A regime-switching model for analysis of market integration has been developed that incorporates rate of trade information. An application of the methods to United States–China soybean trade demonstrates that the extended trade information allows better interpretation of market conditions....
Persistent link: https://www.econbiz.de/10009442648
This paper aims to determine the solidity of the notion of the "coffee paradox" using annual data from 1977 to 2007. In the confines of an export supply model, we analyze the effects of export coffee price on export volume. Price and profit equation are used to determine the effects of market...
Persistent link: https://www.econbiz.de/10009442650
Leakage in the fuel market differs, depending on whether ethanol production is determined by a tax credit or consumption mandate. Two components of market leakage are distinguished: domestic and international. Leakage with both a tax credit and a consumption mandate depends on market...
Persistent link: https://www.econbiz.de/10009442666
This paper analyzes the impact of expansion in biofuels on the global economy, income distribution and poverty. It utilizes simulation results of two World Bank models: a global computable general equilibrium (CGE) model integrated with biofuels, land-use, and climate change modules, and a...
Persistent link: https://www.econbiz.de/10009442670
Even though recent discussions on food prices and indirect land use change point atpotential conflicts associated with the production of biofuels the appraisal of biofuels as an effective instrument to slow down climate change and reduce energy dependency still prevails. The EU Renewable Energy...
Persistent link: https://www.econbiz.de/10009442672
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Persistent link: https://www.econbiz.de/10009442719
We analyze the impact of trade liberalization, removal of production subsidies, and elimination of consumption distortions in world sugar markets using a partial-equilibrium international sugar model calibrated on 2002 market data and current policies. The removal of trade distortions alone...
Persistent link: https://www.econbiz.de/10009443055
This paper identifies major future trends and driving factors and perspectives and challenges resultingfrom them for European agriculture and food sectors until the year 2020. The focus of the paper is ananalysis of key driving forces and the provision of a well developed reference scenario...
Persistent link: https://www.econbiz.de/10009443220