Publication:
World Oil Price and Biofuels : A General Equilibrium Analysis

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dc.contributor.authorTimilsina, Govinda R.
dc.contributor.authorMevel, Simon
dc.contributor.authorShrestha, Ashish
dc.date.accessioned2012-03-19T18:02:26Z
dc.date.available2012-03-19T18:02:26Z
dc.date.issued2011-06-01
dc.description.abstractThe price of oil could play a significant role in influencing the expansion of biofuels. However, this issue has not been fully investigated yet in the literature. Using a global computable general equilibrium model, this study analyzes the impact of oil price on biofuel expansion, and subsequently, on food supply. The study shows that a 65 percent increase in oil price in 2020 from the 2009 level would increase the global biofuel penetration to 5.4 percent in 2020 from 2.4 percent in 2009. A doubling of oil price in 2020 from its baseline level, or a 230 percent increase from the 2009 level, would increase the global biofuel penetration in 2020 to 12.6 percent. The penetration of biofuels is highly sensitive to the substitution possibility between biofuels and their fossil fuel counterparts. The study also shows that aggregate agricultural output drops due to an oil price increase, but the drop is small in major biofuel producing countries as the expansion of biofuels would partially offset the negative impacts of the oil price increase on agricultural outputs. An increase in oil price would reduce global food supply through direct impacts as well as through diversion of food commodities and cropland toward the production of biofuels.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110602161941
dc.identifier.doi10.1596/1813-9450-5673
dc.identifier.urihttps://hdl.handle.net/10986/3436
dc.languageEnglish
dc.relation.ispartofseriesPaper is funded by the Knowledge for Change Program (KCP),Policy Research working paper ; no. WPS 5673
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURE
dc.subjectALLOCATION
dc.subjectALTERNATIVE SCENARIOS
dc.subjectAVAILABILITY
dc.subjectBALANCE
dc.subjectBILATERAL TRADE
dc.subjectBIODIESEL
dc.subjectBIOFUEL
dc.subjectBIOFUEL PRODUCTION
dc.subjectBIOFUELS
dc.subjectBIOFUELS PRODUCTION
dc.subjectCAPITAL STRUCTURE
dc.subjectCARBON SEQUESTRATION
dc.subjectCLEAN DEVELOPMENT
dc.subjectCLIMATE
dc.subjectCLIMATE CHANGE
dc.subjectCLIMATE CHANGE POLICY
dc.subjectCLIMATE POLICY
dc.subjectCOAL
dc.subjectCOMMERCIAL ENERGY
dc.subjectCONSUMER PRICE
dc.subjectCONSUMER PRICE INDEX
dc.subjectCORN
dc.subjectCOST OF CARBON
dc.subjectCROP
dc.subjectDEFORESTATION
dc.subjectDEMAND FOR ENERGY
dc.subjectDEMAND FOR FOOD
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDIESEL
dc.subjectDYNAMIC COMPUTABLE GENERAL EQUILIBRIUM
dc.subjectDYNAMIC MODEL
dc.subjectECONOMIC ANALYSIS
dc.subjectECONOMIC SYSTEMS
dc.subjectECONOMY-WIDE IMPACTS
dc.subjectEFFICIENCY IMPROVEMENT
dc.subjectELECTRIC ENERGY
dc.subjectELECTRICITY
dc.subjectEMISSION
dc.subjectEMISSIONS
dc.subjectENERGY CAPITAL
dc.subjectENERGY DEMAND
dc.subjectENERGY ECONOMICS
dc.subjectENERGY ECONOMISTS
dc.subjectENERGY EFFICIENCY
dc.subjectENERGY EFFICIENCY IMPROVEMENT
dc.subjectENERGY SECTOR
dc.subjectENERGY SECURITY
dc.subjectENERGY USE
dc.subjectENERGY-INTENSIVE MANUFACTURING
dc.subjectENVIRONMENTAL IMPACTS
dc.subjectENVIRONMENTAL MANAGEMENT
dc.subjectETHANOL
dc.subjectEXPENDITURE
dc.subjectEXPORT MARKETS
dc.subjectFEEDSTOCK
dc.subjectFEEDSTOCKS
dc.subjectFINANCIAL SUPPORT
dc.subjectFOOD CROPS
dc.subjectFOOD SUPPLY
dc.subjectFOSSIL
dc.subjectFOSSIL FUEL
dc.subjectFOSSIL FUEL COUNTERPARTS
dc.subjectFOSSIL FUELS
dc.subjectFREE TRADE
dc.subjectFRUIT
dc.subjectFRUITS
dc.subjectFUEL CONSUMPTION
dc.subjectFUEL MIX
dc.subjectFUEL OILS
dc.subjectFUEL SUPPLY
dc.subjectGAS
dc.subjectGASOLINE
dc.subjectGENERAL EQUILIBRIUM MODEL
dc.subjectGHG
dc.subjectGLOBAL FOOD SUPPLY
dc.subjectGRAINS
dc.subjectGROSS OUTPUT
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD EXPENDITURES
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD SECTOR
dc.subjectIMPORT PRICES
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINTERMEDIATE GOODS
dc.subjectINTERNATIONAL TRADE
dc.subjectLAND USE
dc.subjectLAND USE CHANGE
dc.subjectLAND-USE CHANGE
dc.subjectLIQUID FUEL
dc.subjectMARKET CLEARING PRICE
dc.subjectMARKET EQUILIBRIUM
dc.subjectMARKET PRICE
dc.subjectMONETARY VALUE
dc.subjectOIL
dc.subjectOIL PRICE
dc.subjectOIL PRICES
dc.subjectOIL SEEDS
dc.subjectOILS
dc.subjectPER CAPITA CONSUMPTION
dc.subjectPOLICY MAKERS
dc.subjectPOWER
dc.subjectPRICE CHANGES
dc.subjectPRICE INCREASE
dc.subjectPRICE INCREASES
dc.subjectPRICE INDEX
dc.subjectPRICE LEVEL
dc.subjectPRICE OF OIL
dc.subjectPROCESSED FOODS
dc.subjectPRODUCER PRICE
dc.subjectSALES
dc.subjectSENSITIVITY ANALYSES
dc.subjectSOYBEANS
dc.subjectSTEEL
dc.subjectSUBSTITUTION
dc.subjectSUGAR
dc.subjectSUGAR BEET
dc.subjectSUGAR CANE
dc.subjectSUGAR CROPS
dc.subjectSUGARCANE
dc.subjectSUPPLIERS
dc.subjectSUPPLY SIDE
dc.subjectTOTAL DEMAND
dc.subjectTRANSPORTATION FUEL
dc.subjectVEGETABLES
dc.subjectVEHICLES
dc.subjectWHEAT
dc.titleWorld Oil Price and Biofuels : A General Equilibrium Analysisen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleWorld Oil Price and Biofuels: A General Equilibrium Analysis
okr.date.disclosure2011-06-01
okr.date.doiregistration2025-04-10T11:26:55.499112Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110602161941
okr.globalpracticeAgriculture
okr.globalpracticeTrade and Competitiveness
okr.globalpracticeEnergy and Extractives
okr.guid679611468151159433
okr.identifier.doi10.1596/1813-9450-5673
okr.identifier.externaldocumentum000158349_20110602161941
okr.identifier.internaldocumentum14286385
okr.identifier.reportWPS5673
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/06/02/000158349_20110602161941/Rendered/PDF/WPS5673.pdfen
okr.region.administrativeThe World Region
okr.region.administrativeThe World Region
okr.sectorEnergy efficiency in power sector
okr.sectorEnergy and mining
okr.topicEnergy::Renewable Energy
okr.topicIndustry::Food & Beverage Industry
okr.topicEnergy::Energy Production and Transportation
okr.unitDevelopment Research Group (DECRG)
okr.unitDECRG: Agriculture & Rural Devt. (DECAR)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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