Ethanol and trade: An analysis of price transmission in the US market

被引：7
|
作者：
Zhang, Dengjun [1 ]
Asche, Frank [1 ]
Oglend, Atle [1 ]
机构：
[1] Univ Stavanger, Dept Ind Econ, N-4036 Stavanger, Norway
来源：
ENERGY ECONOMICS | 2014年 / 42卷
关键词：
Ethanol; Price transmission; Import; Cointegration; UNITED-STATES; COINTEGRATION; VOLATILITY; PRODUCTS; DEMAND; CORN; OIL;
D O I：
10.1016/j.eneco.2013.11.012
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the price transmission mechanisms between domestic ethanol and imported ethanol in the US market using a multivariate Johansen approach. The data and model support one cointegrating relationship between the prices of domestically produced ethanol, imported ethanol, and other relevant products (gasoline, crude oil, and corn). The rejection of weak exogeneity of the imported ethanol price and corn price implies that these two prices would adjust to changes in the price linkage. Those empirical findings indicate that the impact of eliminating trade barriers on the imported ethanol price would spillover to the domestic ethanol price and subsequently to corn price. (C) 2013 Elsevier B.V. All rights reserved.
引用
收藏
页码：1 / 8
页数：8
相关论文
共 50 条
  • [1] Price Transmission Analysis of the International Soybean Market in a Trade War Context
    Barboza Martignone, Gustavo
    Behrendt, Karl
    Paparas, Dimitrios
    [J]. ECONOMIES, 2022, 10 (08)
  • [2] Price cycles and asymmetric price transmission in the US pork market
    Miller, DJ
    Hayenga, ML
    [J]. AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 2001, 83 (03) : 551 - 562
  • [3] Assessing price integration and trade policy in the US catfish market
    Scuderi, S. Benjamin
    Chen, Xuan
    [J]. AQUACULTURE ECONOMICS & MANAGEMENT, 2018, 22 (01) : 112 - 130
  • [4] Investment and Trade in Biofuels: Will there be a Market in the US for Developing Country Ethanol?
    Williams, Alphanso
    Kerr, William A.
    [J]. JOURNAL OF WORLD INVESTMENT & TRADE, 2013, 14 (06): : 995 - 1008
  • [5] PRICE TRANSMISSION OF US SOYBEAN FUTURES INTO ITALIAN SPOT MARKET
    Penone, Carlotta
    Trestini, Samuele
    [J]. QUALITY-ACCESS TO SUCCESS, 2018, 19 : 370 - 374
  • [6] Lithuanian carrot market: production, foreign trade, and price transmission issues
    Jurkenaite, Nele
    Paparas, Dimitrios
    [J]. UKRAINIAN FOOD JOURNAL, 2019, 8 (01) : 181 - 193
  • [7] World Price Transmission for Differentiated Products: The Case of Shrimp in the US Market
    Ly Nguyen
    Kinnucan, Henry W.
    [J]. MARINE RESOURCE ECONOMICS, 2018, 33 (04) : 351 - 372
  • [8] Price Transmission Analysis in Iran Fluid Milk Market
    Rostami, Y.
    Hosseini, S. S.
    Moghaddasi, R.
    [J]. JOURNAL OF AGRICULTURAL SCIENCE AND TECHNOLOGY, 2018, 20 (05): : 857 - 867
  • [9] Asymmetric price transmission analysis in the Czech pork market
    Rudinskaya, Tamara
    [J]. JOURNAL OF CENTRAL EUROPEAN AGRICULTURE, 2019, 20 (03): : 986 - 994
  • [10] Market-oriented ethanol and corn-trade policies can reduce climate-induced US corn price volatility
    Verma, Monika
    Hertel, Thomas
    Diffenbaugh, Noah
    [J]. ENVIRONMENTAL RESEARCH LETTERS, 2014, 9 (06):
12345