Flex-fuel vehicle adoption and dynamics of ethanol prices: lessons from Brazil
作者： Xiaodong Du , Miguel A Carriquiry , None
DOI: 10.1016/J.ENPOL.2013.04.008
关键词:
摘要: Abstract Focusing on dynamics of the relative prices substitute fuels, namely ethanol and gasoline, this study quantifies impact increase in shares flex-fuel vehicles (FFVs) vehicle fleet domestic Brazil. A modified partial adjustment model is employed. Estimation results provide strong support for our research hypotheses: (i) when consumers can choose between fuels gasoline converge to a long-run equilibrium level, which determined by fuel economy, (ii) price are largely market supply demand factors including sugar, exports, composition fleet. Furthermore, impacts such as exports strengthened increasing proportion FFVs
elsevier.com
sci-hub.se 参考文章(13)
Christopher F. Baum, Mark E. Schaffer, Steven Stillman, Enhanced routines for instrumental variables/generalized method of moments estimation and testing Stata Journal. ,vol. 7, pp. 465- 506 ,(2007) , 10.1177/1536867X0800700402
José Goldemberg, The ethanol program in Brazil Environmental Research Letters. ,vol. 1, pp. 014008- ,(2006) , 10.1088/1748-9326/1/1/014008
Kelvin Balcombe, George Rapsomanikis, Bayesian Estimation and Selection of Nonlinear Vector Error Correction Models: The Case of the Sugar-Ethanol-Oil Nexus in Brazil American Journal of Agricultural Economics. ,vol. 90, pp. 658- 668 ,(2008) , 10.1111/J.1467-8276.2008.01136.X
J. Goldemberg, Ethanol for a Sustainable Energy Future Science. ,vol. 315, pp. 808- 810 ,(2007) , 10.1126/SCIENCE.1137013
Henrique Pacini, Semida Silveira, Consumer choice between ethanol and gasoline: Lessons from Brazil and Sweden Energy Policy. ,vol. 39, pp. 6936- 6942 ,(2011) , 10.1016/J.ENPOL.2010.09.024
Alex Luiz Ferreira, Fernando Pigeard de Almeida Prado, Jaylson Jair da Silveira, Flex cars and the alcohol price Energy Economics. ,vol. 31, pp. 382- 394 ,(2009) , 10.1016/J.ENECO.2009.01.007
Mustafa Balat, Havva Balat, Recent trends in global production and utilization of bio-ethanol fuel Applied Energy. ,vol. 86, pp. 2273- 2282 ,(2009) , 10.1016/J.APENERGY.2009.03.015
Heloisa Lee Burnquist, Joao Gomes Martines-Filho, Carlos Eduardo de Freitas Vian, Bioenergy and the Rise of Sugarcane-Based Ethanol in Brazil Choices. The Magazine of Food, Farm, and Resources Issues. ,vol. 21, pp. 91- 96 ,(2006)
Alberto Salvo, Cristian Huse, Is Arbitrage Tying the Price of Ethanol to that of Gasoline? Evidence from the Uptake of Flexible-Fuel Technology The Energy Journal. ,vol. 32, pp. 119- 148 ,(2011) , 10.5547/ISSN0195-6574-EJ-VOL32-NO3-5
Robert Cumby, John Huizinga, Testing the autocorrelation structure of disturbances in ordinary least squares and instrumental variables regressions Econometrica. ,vol. 60, pp. 185- 195 ,(1992) , 10.3386/T0092