Long‐Run Impact of Biofuels on Food Prices

Ujjayant Chakravorty (), Marie-Hélène Hubert, Michel Moreaux and Linda Nøstbakken

Scandinavian Journal of Economics, 2017, vol. 119, issue 3, 733-767

Abstract: About 40 percent of US corn is now used to produce biofuels, which are used as substitutes for gasoline in transportation. In this paper, we use a Ricardian model with differential land quality to show that world food prices could rise by about 32 percent by 2022. About half of this increase is from the biofuel mandate and the rest is a result of demand‐side effects in the form of population growth and income‐induced changes in dietary preferences, from cereals to meat and dairy products. However, aggregate world carbon emissions would increase, because of significant land conversion to farming and leakage from lower oil prices.

Date: 2017
References: Add references at CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
https://doi.org/10.1111/sjoe.12177

Related works:
Working Paper: The Long Run Impact of Biofuels on Food Prices (2017)
Working Paper: The Long-Run Impact of Biofuel on Food Prices (2015)
Working Paper: The Long-Run Impact of Biofuel on Food Prices (2015)
Working Paper: The Long Run Impact of Biofuels on Food Prices (2015)
Working Paper: The Long Run Impact of Biofuels on Food Prices (2012)
Working Paper: The Long Run Impact of Biofuels on Food Prices (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:scandj:v:119:y:2017:i:3:p:733-767

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0347-0520

Access Statistics for this article

Scandinavian Journal of Economics is currently edited by Richard Friberg, Matti Liski and Kjetil Storesletten

More articles in Scandinavian Journal of Economics from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().