Modeling Biofuels Policies in General Equilibrium: Insights, Pitfalls and Opportunities

Alla Golub, Thomas Hertel, Farzad Taheripour and Wallace Tyner

GTAP Working Papers from Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University

Abstract: Over the past decade, biofuels production in the EU and US has boomed - much of this due to government mandates and subsidies. The US has now surpassed Brazil as the world's leading producer of ethanol. The economic and environmental impact of these biofuel programs has become an important question of public policy. Due to the complex intersectoral linkages between biofuels and crops, livestock as well as energy activities, CGE modeling has become an important tool for their analysis. This chapter reviews recent developments in this area of economic analysis, and suggests directions for future research.

Date: 2010
New Economics Papers: this item is included in nep-agr, nep-cmp, nep-ene and nep-env
Note: GTAP Working Paper No. 61
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Persistent link: https://EconPapers.repec.org/RePEc:gta:workpp:3406

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