The regional economic impacts of biofuels: A review of multisectoral modelling techniques and evaluation of applications

Grant Allan

No 11-30, Working Papers from University of Strathclyde Business School, Department of Economics

Abstract: The regional economic impact of biofuel production depends upon a number of interrelated factors: the specific biofuels feedstock and production technology employed; the sector’s embeddedness to the rest of the economy, through its demand for local resources; the extent to which new activity is created. These issues can be analysed using multisectoral economic models. Some studies have used (fixed price) Input-Output (IO) and Social Accounting Matrix (SAM) modelling frameworks, whilst a nascent Computable General Equilibrium (CGE) literature has also begun to examine the regional (and national) impact of biofuel development. This paper reviews, compares and evaluates these approaches for modelling the regional economic impacts of biofuels.

Keywords: biofuels; economic modelling; input-output; social accounting matrix; computable general equilibrium. (search for similar items in EconPapers)
JEL-codes: D57 D58 R11 R13 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2011-10
New Economics Papers: this item is included in nep-agr, nep-cmp, nep-ene and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: The Regional Economic Impacts of Biofuels: A Review of Multisectoral Modelling Techniques and Evaluation of Applications (2015)
Working Paper: The regional economic impacts of biofuels: A review of multisectoral modelling techniques and evaluation of applications (2012)
Working Paper: The regional economic impacts of biofuels: A review of multisectoral modelling techniques and evaluation of applications (2011)
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