000133047 001__ 133047
000133047 005__ 20180122222849.0
000133047 037__ $$a1040-2016-84997
000133047 041__ $$aen_US
000133047 245__ $$aResponse to “Ethanol Production and Gasoline Prices: A Spurious Correlation” by Knittel and Smith
000133047 260__ $$c2012-08
000133047 269__ $$a2012-08
000133047 300__ $$a13
000133047 336__ $$aWorking or Discussion Paper
000133047 490__ $$aWorking Paper
000133047 490__ $$a12-WP 529
000133047 520__ $$aIn a recent working paper, Christopher Knittel and Aaron Smith present an attack on a peer-reviewed paper “The Impact of Ethanol Production on US and Regional Gasoline Markets Relating Ethanol Production to Gasoline Prices" written by myself and Xiaodong Du, and published in 2009 in Energy Policy (Vol. 37 No.8), as well as two subsequent working papers in 2011 and 2012. Our work found that as ethanol production increased, the price of gasoline fell relative to the price of crude oil. Knittel and Smith claim to have refuted this result, and conclude that their “Empirical models that are most consistent with economic theory suggest effects that are near zero and statistically insignificant.”
000133047 542__ $$fLicense granted by Rebecca Olson (bolson@iastate.edu) on 2012-09-10T15:19:08Z (GMT):

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000133047 650__ $$aAgribusiness
000133047 650__ $$aCrop Production/Industries
000133047 650__ $$aDemand and Price Analysis
000133047 700__ $$aHayes, Dermot J.
000133047 8564_ $$s446053$$uhttps://ageconsearch.umn.edu/record/133047/files/12-WP%20529%20.pdf
000133047 887__ $$ahttp://purl.umn.edu/133047
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000133047 912__ $$nSubmitted by Rebecca Olson (bolson@iastate.edu) on 2012-09-10T15:24:32Z
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  Previous issue date: 2012-08
000133047 982__ $$gIowa State University>Center for Agricultural and Rural Development>CARD Working Paper Series
000133047 980__ $$a1040