Corn Ethanol and U.S. Biofuel Policy 10 Years Later: A Quantitative Assessment. (13th February 2018)

• Record Type: Journal Article
• Authors: Hochman, Gal; Zilberman, David
• Is Part Of: American journal of agricultural economics. Volume 100:Number 2(2018)
• Page Start: 570
• Page End: 584
• Publication Date: 2018-02-13
• Subjects: Biofuels -- corn ethanol -- energy policy -- economic and environmental impacts -- meta‐analysis; Agriculture -- Economic aspects -- Periodicals; Agriculture -- Periodicals; 338.105
• DOI: 10.1093/ajae/aax105
• Languages: English
• ISSNs: 0002-9092

Abstract

Abstract: We conduct meta‐analyses of the estimated impacts of corn ethanol on food and fuel prices, as well as greenhouse gases, and analyze the implications for the balance of trade. The meta‐analyses suggest that corn ethanol has minor effects on greenhouse gas emissions and significant yet moderate effects on food and fuel prices. However, corn ethanol has a relatively significant impact on fuel security in terms of reductions in the import of oil to the U.S. and its overall effect on the U.S. balance of trade.