 International Trade Patterns and Policy for Ethanol in the United StatesHyunok Lee () and
Daniel Sumner
Chapter Chapter 19 in Handbook of Bioenergy Economics and Policy, 2010, pp 327-345 from Springer Abstract: Abstract The US trade policy for ethanol affects imports and all aspects of ethanol production and use. The paper reviews U.S. trade policy for ethanol and then examines the pattern of imports of ethanol. Despite high tariff barriers the U.S. is a major ethanol importer and we document the pattern of ethanol imports over the past decades. We then show how ethanol imports have responded to market conditions. We find that the demand for imports is likely to have been very elastic in recent years. Our econometric estimates show how ethanol imports have responded to market conditions. We find a significant supply elasticity for imports into the U.S. of about 3.0. Finally we use the forgoing analysis to discuss potential impacts of trade policy changes under alternative market conditions that depend crucially on domestic biofuel policies. Keywords: Supply Elasticity; Domestic Price; Import Duty; Special Duty; International Trade Commission (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:nrmchp:978-1-4419-0369-3_19 Ordering information: This item can be ordered from DOI: 10.1007/978-1-4419-0369-3_19 Access Statistics for this chapter More chapters in Natural Resource Management and Policy from Springer |
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