Chisari, Omar O.Romero, Carlos A.Timilsina, Govinda2012-12-072012-12-072012-07https://hdl.handle.net/10986/11932Argentina is one of the world's largest biodiesel producers and the largest exporter, using soybeans as feedstock. Using a computable general equilibrium model that explicitly represents the biofuel industry, this study carries out several simulations on two sets of issues: (i) international markets for biofuel and feedstock, such as an increase in prices of soybean, soybean oil, and biodiesel, and (ii) domestic policies related to biofuels, such as an introduction of biofuel mandates. Both sets of issues can have important consequences to the Argentinean economy. The simulations indicate that increases in international prices of biofuels and feedstocks would increase Argentina's gross domestic product and social welfare. Increases in international prices of ethanol and corn also can benefit Argentina, but to a lesser extent. The domestic mandates for biofuels, however, would cause small losses in economic output and social welfare because they divert part of biodiesel and feedstock from exports to lower-return domestic consumption. An increase in the export tax on either feedstock or biodiesel also would lead to a reduction in gross domestic product and social welfare, although government revenue would rise.en-USCC BY 3.0 IGOAGGREGATE DEMANDAGRICULTURAL ACTIVITYAGRICULTURAL ECONOMICSAGRICULTURAL POLICIESAGRICULTURAL PRODUCTIONAGRICULTUREALTERNATIVE ENERGYALTERNATIVE ENERGY SOURCESALTERNATIVE USEAPPROACHAVAILABILITYBALANCE OF PAYMENTSBENCHMARKBEVERAGESBIODIESELBIOENERGYBIOFUELBIOFUEL INDUSTRYBIOFUEL PRODUCTIONBIOFUEL TECHNOLOGYBIOFUELSBIOFUELS INDUSTRIESBIOFUELS INDUSTRYBIOFUELS PRODUCTIONBIOMASSBONDSCANE PRODUCTIONCAPITAL USECDCEREALSCLIMATE CHANGECOMPARATIVE ADVANTAGECOMPARATIVE ADVANTAGESCOMPETITIVENESSCONSUMER GROUPSCONSUMERSCROPDAMAGESDEBTDEFORESTATIONDEMAND FOR CHEMICALSDEMAND FOR GASOLINEDEVELOPMENT POLICYDIESELDISPOSABLE INCOMEDISTILLERIESDIVIDENDSECONOMIC PERFORMANCEECONOMIC SYSTEMSELASTICITIESELASTICITYELASTICITY OF SUBSTITUTIONEMISSIONEMISSIONSENERGY ECONOMICSENERGY PRODUCTIONENERGY SECTORSENERGY SOURCESENERGY SUPPLYENVIRONMENTAL CONCERNSENVIRONMENTAL ISSUESENVIRONMENTAL MANAGEMENTEQUILIBRIUMETHANOL FROM CORNEXPORTSFEEDSTOCKFEEDSTOCKSFISCAL POLICYFOOD POLICYFOOD POLICY RESEARCHFOOD PRICESFOOD RESEARCHFOOD SUPPLYFOODSFOSSILFOSSIL FUELFOSSIL FUEL COUNTERPARTSFOSSIL FUELSFUELFUEL DEMANDFULL EMPLOYMENTGAS EMISSIONGASOLINEGASOLINE PRICESGDPGENERAL EQUILIBRIUM ANALYSISGHGGRAINSGROSS DOMESTIC PRODUCTGROSS OUTPUTGROWTH RATEHOUSEHOLD EXPENDITURESHOUSEHOLD INCOMEIFPRIINCOMEINCOME GROUPSINTERNATIONAL FOOD POLICY RESEARCH INSTITUTEINTERNATIONAL TRADELAND USEMAIZEMARGINAL BENEFITSMOBILITYNATURAL GASOIL FUELSOIL INDUSTRIESOIL INDUSTRYOIL PRODUCTIONOIL REFINERIESOILSOPEN ECONOMYOPPORTUNITY COSTOPPORTUNITY COSTSOPTIMIZATIONPETROLEUMPRICE INCENTIVESPRICES OF ETHANOLPRODUCTION FUNCTIONPUBLIC SAVINGSREGULATORY REGIMESRENEWABLE ENERGIESRENEWABLE ENERGYRENEWABLE ENERGY SOURCESSOY OILSOYBEANSOYBEAN OILSOYBEAN PRODUCTIONSOYBEANSSUGARSUGAR CANESUGARCANESUNFLOWER OILTAXTAX REVENUETOTAL REVENUETRADE BALANCETRADE LIBERALIZATIONTRADITIONAL FUELSTRANSPORTTRANSPORT SYSTEMTRANSPORTATIONTRANSPORTATION FUELSTRANSPORTATION INDUSTRYUNEMPLOYMENTUNEMPLOYMENT RATEUTILITY FUNCTIONVALUE ADDEDVEGETABLE OILVEGETABLE OILSVEHICLEVEHICLE ENGINESVEHICLE FLEETVEHICLESWAGESWHEATWOODWorld Bank10.1596/1813-9450-6124