TY  - CPAPER 
AB  - Part of President Bush’s energy policy is to encourage research aimed at reducing the cost of biomass-based motor fuels to become competitive with petroleum-based fuels. We use a dynamic, CGE model to investigate the economy-wide implications of successful implementation of this policy. We find in the long-run, 2020, that the U.S. would experience significant benefits arising from: (1) substitution of biomass whose price is likely to fall in the long-run for crude petroleum whose price is likely to rise; (2) reduction in the world price of crude petroleum; (3) an increase in employment; and (4) an increase in export prices.
AU  - Dixon, Peter B.
AU  - Osborne, Stefan
AU  - Rimmer, Maureen T.
DA  - 2007
DA  - 2007
ID  - 331569
KW  - Resource/Energy Economics and Policy
KW  - Agricultural and Food Policy
KW  - Domestic policy analysis
KW  - Dynamic modeling
L1  - https://ageconsearch.umn.edu/record/331569/files/3271.pdf
L2  - https://ageconsearch.umn.edu/record/331569/files/3271.pdf
L4  - https://ageconsearch.umn.edu/record/331569/files/3271.pdf
LA  - eng
LA  - English
LK  - https://ageconsearch.umn.edu/record/331569/files/3271.pdf
N1  - Presented at the 10th Annual Conference on Global Economic Analysis, Purdue University, USA; Energy & Environment  Vol 18 No 5  2007auto,394
N2  - Part of President Bush’s energy policy is to encourage research aimed at reducing the cost of biomass-based motor fuels to become competitive with petroleum-based fuels. We use a dynamic, CGE model to investigate the economy-wide implications of successful implementation of this policy. We find in the long-run, 2020, that the U.S. would experience significant benefits arising from: (1) substitution of biomass whose price is likely to fall in the long-run for crude petroleum whose price is likely to rise; (2) reduction in the world price of crude petroleum; (3) an increase in employment; and (4) an increase in export prices.
PY  - 2007
PY  - 2007
T1  - The Economy-Wide Effects in The United States of Replacing Crude Petroleum with Biomass
TI  - The Economy-Wide Effects in The United States of Replacing Crude Petroleum with Biomass
UR  - https://ageconsearch.umn.edu/record/331569/files/3271.pdf
VL  - 2006
Y1  - 2007
ER  -