Provazanost trhu potravin, biopaliv a fosilnich paliv

Chrz, Stepan and Hruby, Zdenek and Janda, Karel and Kristoufek, Ladislav (2013): Provazanost trhu potravin, biopaliv a fosilnich paliv.

Abstract

The interconnections within food, biofuel and fossil fuel markets are first described in the context of biofuels technologies and economic policy framework. Consequently, the econometric analysis consisting of Johansen cointegration, error correction model, vector autoregression and Granger causality is applied to price series of 12 biofuel related commodities. While a number of equilibrium relationships are found across the examined markets suggesting an interconnections of these markets, we do not obtain a persuasive confirmation of the thesis that biofuels clearly lead to food shortages via the increase in prices of basic food commodities used in the production of biofuels.

• Item Type: MPRA Paper
• English Title: Interconnections within food, biofuel, and fossil fuel markets
• Language: Czech
• Keywords: Biofuels; Food; Fossil Fuels
• Subjects: Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q1 - Agriculture > Q16 - R&D ; Agricultural Technology ; Biofuels ; Agricultural Extension Services; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q42 - Alternative Energy Sources; C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes

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