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Corn Ethanol and U.S. Biofuel Policy 10 Years Later: A Quantitative Assessment
Author(s) -
Hochman Gal,
Zilberman David
Publication year - 2018
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1093/ajae/aax105
Subject(s) - biofuel , corn ethanol , greenhouse gas , economics , corn oil , agricultural economics , balance (ability) , ethanol , natural resource economics , ethanol fuel , environmental science , chemistry , food science , waste management , ecology , medicine , organic chemistry , engineering , physical medicine and rehabilitation , biology
We conduct meta‐analyses of the estimated impacts of corn ethanol on food and fuel prices, as well as greenhouse gases, and analyze the implications for the balance of trade. The meta‐analyses suggest that corn ethanol has minor effects on greenhouse gas emissions and significant yet moderate effects on food and fuel prices. However, corn ethanol has a relatively significant impact on fuel security in terms of reductions in the import of oil to the U.S. and its overall effect on the U.S. balance of trade.