The national bioenergy investment model: Technical documentation

Eric Kemp-Benedict ()

MPRA Paper from University Library of Munich, Germany

Abstract: The National Bioenergy Investment Model is a scenario model that simulates the decisions of domestic and international investors on whether to invest in biofuel enterprises in a developing country. In the model, investors compare the profitability of different biofuel feedstock and fuel operations using a riskadjusted discount rate – taking market, currency, country and sector risks into account. Prices for biofuels and feedstocks are determined in part through exogenous international prices and in part through a dynamic, equilibrium-seeking price adjustment mechanism. The model is intended to be used within a participatory scenario exercise, and can be run interactively.

Keywords: disequilibrium; investment; simulation; scenario model; FDI; ICAPM; biofuel; agriculture (search for similar items in EconPapers)
JEL-codes: C61 G11 O16 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-cmp and nep-ene
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:37835

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