| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16824 |
| 来源ID | Working Paper 16824 |
| Commodity Price Volatility in the Biofuel Era: An Examination of the Linkage Between Energy and Agricultural Markets | |
| Thomas W. Hertel; Jayson Beckman | |
| 发表日期 | 2011-02-25 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | Agricultural and energy commodity prices have traditionally exhibited relatively low correlation. However, recent increases in biofuel production have altered the agriculture-energy relationship in a fundamental way. This increase has drawn on corn previously sold to other uses, as well as acreage devoted to other crops. The US RFS envisions a further boost of ethanol production to 15 billion gallons per year, which might be expected to further strengthen the linkages. We estimate that, in the presence of a binding RFS, the inherent volatility in the US coarse grains market will rise by about one-quarter. And the volatility of the US coarse grains price to supply side shocks in that market will rise by nearly one-half. |
| 主题 | Microeconomics ; Mathematical Tools ; Environmental and Resource Economics ; Agriculture ; Energy |
| URL | https://www.nber.org/papers/w16824 |
| 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/574499 |
| 推荐引用方式 GB/T 7714 | Thomas W. Hertel,Jayson Beckman. Commodity Price Volatility in the Biofuel Era: An Examination of the Linkage Between Energy and Agricultural Markets. 2011. |
| 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 | ||
| w16824.pdf（245KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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