The Japanese Journal of Rural Economics · 2006 · 16 citations · 1 references
AgricultureAgricultural EconomicsEconomicsEconometricsEnergy EconomicsFood EconomicsAgricultural Commodity PricingAgricultural Production EconomicsBiofuel PolicyCrop Production EconomicsFood Industry EconomicsFood Supply AnalysisAir Pollution EffectsBiofuel Policy EvaluationEconometric Price ModelingEnergy Security AnalysisMarket SimulationPolicy Effects On Agricultural Prices
The Chinese Government has promoted the national fuel-ethanol program since 2002 to deal with the energy security and air pollution problem. Inferior corn has been allocated as the major raw material to produce fuel-ethanol, but is inadequate for this purpose. Contrary to the national government's decision, the Chinese fuel-ethanol facilities in Heilongjiang and Jilin use normal corn, which is used for feed, food and industrial raw material. This study examines the impacts the Chinese fuel-ethanol program would have on domestic and international corn markets, by applying a newly developed Chinese corn market model. Our simulation suggests moderate impacts of the problem on the world corn market.
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