Nonlinearities in the U.S. corn-ethanol-oil-gasoline price system

作者：Serra Teresa^*; Zilberman David; Gil Jose M; Goodwin Barry K

来源：Agricultural Economics, 2011, 42(1): 35-45.

DOI：10.1111/j.1574-0862.2010.00464.x

• L1
• Biofuels
• United States
• Cointegration
• Threshold

We use a smooth transition vector error correction model to assess price relationships within the U.S. ethanol industry. Monthly ethanol, corn, oil, and gasoline prices from 1990 to 2008 are used in the analysis. Results indicate the existence of long-run relationships among the prices analyzed. Strong links between energy and food prices are identified.

• 出版日期2011-1