Impact of Switching Production to Bioenergy Crops: The Switchgrass Example

Scott McDonald, Sherman Robinson and Karen Thierfelder

No 331350, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: This paper reports the results from simulations that evaluate the general equilibrium effects of substituting switchgrass, a biomass, for crude oil in USA petroleum production. The new production process is less efficient and USA GDP declines slightly. As switchgrass production expands, USA agriculture contracts and the world price of cereals increases. The world price of crude oil falls as USA import demand declines. The net effect of the price and income changes is a general decline in economic welfare. Moreover, the declines in welfare are proportionately greater for developing countries who produce small quantities of agricultural commodities whose prices increase.

Keywords: Resource/Energy Economics and Policy; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 38
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/331350/files/1889.pdf (application/pdf)

Related works:
Journal Article: Impact of switching production to bioenergy crops: The switchgrass example (2006)
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:ags:pugtwp:331350

Access Statistics for this paper

More papers in Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().