@article{Koizumi:242149, recid = {242149}, author = {Koizumi, Tatsuji and Yanagishima, Koji}, title = {Impacts of the Brazilian Ethanol Program on the World Ethanol and Sugar Market: An Econometric Simulation Approach}, journal = {Japanese Journal of Rural Economics}, address = {2005}, number = {360-2016-18600}, pages = {17}, year = {2005}, abstract = {The sugar market in Brazil is closely related to the ethanol market. Although the Brazilian government has abolished all sugar market intervention measures, it still retains control over the ethanol-gasoline blend ratio. In this study, we investigate the implications of a change in this blend ratio on the world ethanol and sugar markets-particularly in terms of production, consumption, exports and imports-by applying a newly developed World Ethanol-Sugar Market Model. Our simulation suggests moderate impacts on world ethanol and sugar markets.}, url = {http://ageconsearch.umn.edu/record/242149}, doi = {https://doi.org/10.22004/ag.econ.242149}, }