| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14362 |
| 来源ID | Working Paper 14362 |
| Is Sugar Sweeter at the Pump? The Macroeconomic Impact of Brazil's Alternative Energy Program | |
| Marc D. Weidenmier; Joseph H. Davis; Roger Aliaga-Diaz | |
| 发表日期 | 2008-10-02 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | The recent world energy crisis raises serious questions about the extent to which the United States should increase domestic oil production and develop alternative sources of energy. We examine the energy developments in Brazil as an important experiment. Brazil has reduced its share of imported oil more than any other major economy in the world in the last 30 years, from 70 percent in the 1970s to only 10 percent today. Brazil has largely achieved this goal by: (1) increasing domestic oil production and (2) developing one of the world's largest and most competitive sources of renewable energy -- sugarcane ethanol -- that now accounts for 50 percent of Brazil's total gasoline consumption. A counterfactual analysis of economic growth in Brazil from 1980-2008 suggests that GDP is almost 35 percent higher today because of increased domestic oil production and the development of sugarcane ethanol. We also find a notable reduction in business-cycle volatility as a result of Brazil's progression to a more diversified energy program. Nearly three-fourths of the welfare benefits have come from domestic oil drilling, however, as rents have been paid to domestic factors of production during a time of rising oil prices. We discuss the potential implications of Brazil's energy program for the U.S. economy by conducting historical counterfactual exercises on U.S. real GDP growth since the 1970s. |
| 主题 | Macroeconomics ; Business Cycles ; History ; Macroeconomic History |
| URL | https://www.nber.org/papers/w14362 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572044 |
| 推荐引用方式 GB/T 7714 | Marc D. Weidenmier,Joseph H. Davis,Roger Aliaga-Diaz. Is Sugar Sweeter at the Pump? The Macroeconomic Impact of Brazil's Alternative Energy Program. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14362.pdf（160KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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