@article{Kojima:235744,
      recid = {235744},
      author = {Kojima, Yasutomo and Parcell, Joe and Cain, Jewelwayne},
      title = {A Global Demand Analysis of Vegetable Oils for Food and  Industrial Use: A Cross-Country Panel Data Analysis with  Spatial Econometrics},
      address = {2016-05-24},
      number = {333-2016-14539},
      pages = {29},
      month = {May},
      year = {2016},
      abstract = {This article analyzes global demand for major edible and  non-edible vegetable oils using cross-country panel data  from 1991 to 2011. A fixed effects model, accounting for  spatial dependence of the residuals, is specified. Compared  to food use, income elasticities are significantly higher  for industrial use, suggesting that demand for non-edible  vegetable oils is expected to increase with the rise of  global wealth in the future. Income elasticities will be  useful for simulation research of estimating how much  agricultural land needs to be developed in the future in  order to meet an expected increase in demand for biofuel  feedstocks.},
      url = {http://ageconsearch.umn.edu/record/235744},
      doi = {https://doi.org/10.22004/ag.econ.235744},
}