Campus Units
Economics
Document Type
Article
Publication Version
Published Version
Publication Date
2012
Journal or Book Title
Bio-based and Applied Economics
Volume
1
Issue
3
First Page or Article ID Number
269
Last Page
296
DOI
10.13128/BAE-11143
Abstract
This paper provides an overview of the economics of biofuels. It starts by describing the remarkable growth of the biofuel industry over the last decade, with emphasis on developments in the United States, Brazil and the European Union, and it identifies the driving role played by some critical policies. After a brief discussion of the motivations that are commonly argued in favor of biofuels and biofuel policies, the paper presents an assessment of the impacts of biofuels from the economics perspective. In particular, the paper explains the basic analytics of biofuel mandates, reviews several existing studies that have estimated the economic impacts of biofuels, presents some insights from a specific model, and outlines an appraisal of biofuel policies and the environmental impacts of biofuels. The paper concludes with an examination of several open issues and the future prospects of biofuels.
JEL Classification
H2, Q2, F1
Rights
This work is licensed under a Creative Commons Attribution 4.0 International License (CC-BY- 4.0)
Copyright Owner
Firenze University Press
Copyright Date
2012
Language
en
File Format
application/pdf
Recommended Citation
Moschini, Giancarlo; Cui, Jingbo; and Lapan, Harvey, "Economics of Biofuels: An Overview of Policies, Impacts and Prospects" (2012). Economics Publications. 96.
https://lib.dr.iastate.edu/econ_las_pubs/96
Included in
International Economics Commons, Natural Resource Economics Commons, Oil, Gas, and Energy Commons, Other Economics Commons
Comments
This article is from Bio-based and Applied Economics 1 (2012): 269, doi: 10.13128/BAE-11143. Posted with permission.