Is ethanol production responsible for the increase in corn prices?
Yazarlar (4)
Erciyes Üniversitesi, Türkiye
Erciyes Üniversitesi, Türkiye
Prof. Dr. Ümit BULUT
Kırşehir Ahi Evran Üniversitesi, Türkiye
Erciyes Üniversitesi, Türkiye
| Makale Türü | Özgün Makale (SSCI, AHCI, SCI, SCI-Exp dergilerinde yayınlanan tam makale) | ||
| Dergi Adı | Renewable Energy (Q1) | ||
| Dergi ISSN | 0960-1481 Wos Dergi Scopus Dergi | ||
| Dergi Tarandığı Indeksler | SCI-Expanded | ||
| Makale Dili | Türkçe | Basım Tarihi | 11-2022 |
| Cilt / Sayı / Sayfa | 199 / 1 / 689–696 | DOI | 10.1016/j.renene.2022.08.146 |
| Makale Linki | http://dx.doi.org/10.1016/j.renene.2022.08.146 | ||
| Özet |
| This paper aims to investigate the effects of the production of ethanol, a renewable biofuel, oil prices, population, and exchange rate on corn prices in the US (1985:m1-2020:m7) using a nonlinear smooth transition model. According to the findings, (i) ethanol production (β1 = 0.072, p < 0.01) has an increasing effect on corn prices. (ii) Oil prices (β2 = 0.064, p < 0.05) and population (β3 = 0.851, p < 0.01) put a pressure on corn prices. (iii) The increase in the real exchange rate (β4 = −2.142, p < 0.01) has a decreasing effect on corn prices. The estimation results provide several critical policy implications for ethanol-food competition within the framework of sustainable development policies. First, ethanol production puts pressure on corn prices. Second, policy-oriented research on the biofuel-food competition can provide guidance to ensure sustainability. Finally, in the transformation process of the ethanol industry, technological innovations (use of second or third-generation biofuels) can moderate the food-fuel nexus. |
| Anahtar Kelimeler |
| Biofuel-food competition | Biofuels | Corn prices | Ethanol | Food prices | Non-linear smooth transition |
Science Direct
Is ethanol production responsible for the increase in corn prices?
BM Sürdürülebilir Kalkınma Amaçları
| Atıf Sayıları | |
| WoS | 22 |
| SCOPUS | 24 |
| Google Scholar | 34 |