Journal Article

The Effect of Biodiesel Policies on World Biodiesel and Oilseed Prices

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collection.link.125
https://openknowledge.worldbank.org/handle/10986/4401
collection.name.125
C. Journal articles published externally
dc.contributor.author
Drabik, Dusan
dc.contributor.author
de Gorter, Harry
dc.contributor.author
Timilsina, Govinda R.
dc.date.accessioned
2014-12-15T23:15:15Z
dc.date.available
2014-12-15T23:15:15Z
dc.date.issued
2014-07
dc.date.lastModified
2021-04-23T14:03:59Z
dc.description.abstract
A theoretical and empirical model is developed to analyze the effect of a biodiesel mandate, a tax exemption (tax credit) and an exogenous diesel price shock on world soybean and canola markets. The jointness in crushing oil and meal from the oilseed reduces the size of the link between biodiesel and oilseed prices. A diesel price shock with a mandate results in a smaller change in oilseed prices compared with a tax exemption. Higher diesel prices increase biodiesel prices under a tax exemption but lower them with a blend mandate. When both canola and soybeans are used to produce biodiesel, an increase in the diesel price leads to higher canola prices, but the effect on soybean prices is ambiguous and depends on relative elasticities of meal demand and canola supply because canola produces more oil than soybeans.
en
dc.identifier.citation
Energy Economics
dc.identifier.issn
0140-9883
dc.identifier.uri
http://hdl.handle.net/10986/20718
dc.language.iso
en_US
dc.publisher
Elsevier
dc.rights
CC BY-NC-ND 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject
Biodiesel policies
dc.subject
Soybean
dc.subject
Canola
dc.subject
Price of oilseed oil
dc.title
The Effect of Biodiesel Policies on World Biodiesel and Oilseed Prices
en
dc.type
Journal Article
en
okr.crosscuttingsolutionarea
Climate Change
okr.date.disclosure
2014-04-12
okr.doctype
Publications & Research :: Journal Article
okr.externalcontent
External Content
okr.globalpractice
Agriculture
okr.globalpractice
Energy and Extractives
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1016/j.eneco.2014.03.024
okr.journal.nbpages
80-88
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.region.country
Brazil
okr.region.country
Senegal
okr.region.country
UNITED STATES
okr.region.country
Zambia
okr.region.geographical
European Union
okr.relation.associatedurl
http://www.sciencedirect.com/science/article/pii/S0140988314000711
okr.topic
Agriculture :: Agricultural Sector Economics
okr.topic
Agriculture :: Climate Change and Agriculture
okr.topic
Energy :: Energy Policies & Economics
okr.topic
Energy :: Fuels
okr.topic
Energy :: Renewable Energy
okr.unit
DECEE - DECRG: Environment & Energy
okr.volume
44

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