Impact of Changes in Energy Input Prices on Ethanol Importation and Prices

Impact of Changes in Energy Input Prices on Ethanol Importation and Prices
复制标题

能源投入价格变化对乙醇进口和价格的影响

DOI:
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发表时间:
2011
期刊:
影响因子:
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通讯作者:
Allen M. Featherstone
Allen M. Featherstone
中科院分区:
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文献类型:
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作者:
E. Yeager;Allen M. Featherstone

文献摘要

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这项研究探讨了美国和巴西乙醇市场之间的联系。向量自回归是用来探索乙醇价格之间的关系,在美国和巴西的主要原料用于生产2005年1月至2011年2月。向量自回归也被用来探讨两个乙醇市场与巴西真实的/美元汇率之间的关系。因果关系检验,脉冲响应和预测误差分解被用来确定经济影响。结果表明,市场并不像许多人假设的那样密切相关。
This study examines the link between ethanol markets in the United States and Brazil. Vector autoregression is used to explore the relationship between ethanol prices in the United States and Brazil and the primary feed stocks used in production for January 2005 through February 2011. Vector autoregression is also used to explore the relationship between the two ethanol markets and the Brazilian real/United States dollar exchange rate. Causality tests, impulse responses, and forecast error decomposition are used to determine the economic implications. Results indicate the markets are not as closely linked as many have hypothesized.