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
中科院分区:
文献类型:
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作者:
E. Yeager;Allen M. Featherstone
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.