000018364 001__ 18364
000018364 005__ 20170824025703.0
000018364 037__ $$a1040-2016-84879
000018364 041__ $$aen
000018364 245__ $$aRemoval of U.S. Ethanol Domestic and Trade Distortions: Impact on U.S. and Brazilian Ethanol Markets
000018364 260__ $$c2006
000018364 269__ $$a2006
000018364 270__ $$mamani@iastate.edu$$pElobeid,   Amani
000018364 270__ $$mstokgoz@iastate.edu$$pTokgoz,   Simla
000018364 300__ $$a36
000018364 336__ $$aWorking or Discussion Paper
000018364 390__ $$aReplaced with revised version of paper 12/06/06.
000018364 446__ $$aEnglish
000018364 490__ $$aCARD Working Paper 06-WP 427 (revised)
000018364 500__ $$aReplaced with revised version of paper 12/06/06.
000018364 520__ $$aWe analyze the impact of trade liberalization and removal of the federal tax credit in the United States on U.S. and Brazilian ethanol markets using a multi-market international ethanol model calibrated on 2005 market data and policies. The removal of trade distortions induces a 23.2 percent increase in the price of world ethanol on average between 2006 and 2015 relative to the baseline. The U.S. domestic ethanol price decreases by 14.1 percent, which results in a 7.5 percent decline in production and a 3.2 percent increase in consumption. The lower domestic price leads to a 2.5 percent rise in the share of fuel ethanol in gasoline consumption. U.S. net ethanol imports increase by 192.8 percent. Brazil responds to the higher world ethanol price by increasing its production by 8.8 percent on average. Total ethanol consumption in Brazil decreases by 3.2 percent and net exports increase by 61.9 percent relative to the baseline. The higher ethanol price leads to a 4.7 percent increase in the share of sugarcane used in ethanol production. The removal of trade distortions and 51¢ per gallon tax credit to refiners blending ethanol induces a 22.5 percent increase in the world ethanol price.
000018364 650__ $$aResource /Energy Economics and Policy
000018364 6531_ $$abiofuels
000018364 6531_ $$aethanol
000018364 6531_ $$arenewable fuels
000018364 6531_ $$atrade liberalization
000018364 700__ $$aElobeid, Amani E.
000018364 700__ $$aTokgoz, Simla
000018364 8564_ $$s138384$$uhttp://ageconsearch.umn.edu/record/18364/files/wp060427.pdf
000018364 887__ $$ahttp://purl.umn.edu/18364
000018364 909CO $$ooai:ageconsearch.umn.edu:18364$$qGLOBAL_SET
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wp060427.pdf: 138384 bytes, checksum: aa1ead7ece56886113de1086b5782025 (MD5)
  Previous issue date: 2006
000018364 982__ $$gIowa State University>Center for Agricultural and Rural Development>CARD Working Paper Series
000018364 980__ $$a1040