Potential Gains and Losses of Biofuel Production in Argentina : A Computable General Equilibrium Analysis

Argentina is one of the world's largest biodiesel producers and the largest exporter, using soybeans as feedstock. Using a computable general equilibrium model that explicitly represents the biofuel industry, this study carries out several sim...

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Main Authors: Chisari, Omar O., Romero, Carlos A., Timilsina, Govinda
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2012
Subjects:
CD
GDP
GHG
TAX
Online Access:http://documents.worldbank.org/curated/en/2012/07/16490829/potential-gains-losses-biofuel-production-argentina-computable-general-equilibrium-analysis
http://hdl.handle.net/10986/11932
id okr-10986-11932
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic AGGREGATE DEMAND
AGRICULTURAL ACTIVITY
AGRICULTURAL ECONOMICS
AGRICULTURAL POLICIES
AGRICULTURAL PRODUCTION
AGRICULTURE
ALTERNATIVE ENERGY
ALTERNATIVE ENERGY SOURCES
ALTERNATIVE USE
APPROACH
AVAILABILITY
BALANCE OF PAYMENTS
BENCHMARK
BEVERAGES
BIODIESEL
BIOENERGY
BIOFUEL
BIOFUEL INDUSTRY
BIOFUEL PRODUCTION
BIOFUEL TECHNOLOGY
BIOFUELS
BIOFUELS INDUSTRIES
BIOFUELS INDUSTRY
BIOFUELS PRODUCTION
BIOMASS
BONDS
CANE PRODUCTION
CAPITAL USE
CD
CEREALS
CLIMATE CHANGE
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGES
COMPETITIVENESS
CONSUMER GROUPS
CONSUMERS
CROP
DAMAGES
DEBT
DEFORESTATION
DEMAND FOR CHEMICALS
DEMAND FOR GASOLINE
DEVELOPMENT POLICY
DIESEL
DISPOSABLE INCOME
DISTILLERIES
DIVIDENDS
ECONOMIC PERFORMANCE
ECONOMIC SYSTEMS
ELASTICITIES
ELASTICITY
ELASTICITY OF SUBSTITUTION
EMISSION
EMISSIONS
ENERGY ECONOMICS
ENERGY PRODUCTION
ENERGY SECTORS
ENERGY SOURCES
ENERGY SUPPLY
ENVIRONMENTAL CONCERNS
ENVIRONMENTAL ISSUES
ENVIRONMENTAL MANAGEMENT
EQUILIBRIUM
ETHANOL FROM CORN
EXPORTS
FEEDSTOCK
FEEDSTOCKS
FISCAL POLICY
FOOD POLICY
FOOD POLICY RESEARCH
FOOD PRICES
FOOD RESEARCH
FOOD SUPPLY
FOODS
FOSSIL
FOSSIL FUEL
FOSSIL FUEL COUNTERPARTS
FOSSIL FUELS
FUEL
FUEL DEMAND
FULL EMPLOYMENT
GAS EMISSION
GASOLINE
GASOLINE PRICES
GDP
GENERAL EQUILIBRIUM ANALYSIS
GHG
GRAINS
GROSS DOMESTIC PRODUCT
GROSS OUTPUT
GROWTH RATE
HOUSEHOLD EXPENDITURES
HOUSEHOLD INCOME
IFPRI
INCOME
INCOME GROUPS
INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
INTERNATIONAL TRADE
LAND USE
MAIZE
MARGINAL BENEFITS
MOBILITY
NATURAL GAS
OIL FUELS
OIL INDUSTRIES
OIL INDUSTRY
OIL PRODUCTION
OIL REFINERIES
OILS
OPEN ECONOMY
OPPORTUNITY COST
OPPORTUNITY COSTS
OPTIMIZATION
PETROLEUM
PRICE INCENTIVES
PRICES OF ETHANOL
PRODUCTION FUNCTION
PUBLIC SAVINGS
REGULATORY REGIMES
RENEWABLE ENERGIES
RENEWABLE ENERGY
RENEWABLE ENERGY SOURCES
SOY OIL
SOYBEAN
SOYBEAN OIL
SOYBEAN PRODUCTION
SOYBEANS
SUGAR
SUGAR CANE
SUGARCANE
SUNFLOWER OIL
TAX
TAX REVENUE
TOTAL REVENUE
TRADE BALANCE
TRADE LIBERALIZATION
TRADITIONAL FUELS
TRANSPORT
TRANSPORT SYSTEM
TRANSPORTATION
TRANSPORTATION FUELS
TRANSPORTATION INDUSTRY
UNEMPLOYMENT
UNEMPLOYMENT RATE
UTILITY FUNCTION
VALUE ADDED
VEGETABLE OIL
VEGETABLE OILS
VEHICLE
VEHICLE ENGINES
VEHICLE FLEET
VEHICLES
WAGES
WHEAT
WOOD
spellingShingle AGGREGATE DEMAND
AGRICULTURAL ACTIVITY
AGRICULTURAL ECONOMICS
AGRICULTURAL POLICIES
AGRICULTURAL PRODUCTION
AGRICULTURE
ALTERNATIVE ENERGY
ALTERNATIVE ENERGY SOURCES
ALTERNATIVE USE
APPROACH
AVAILABILITY
BALANCE OF PAYMENTS
BENCHMARK
BEVERAGES
BIODIESEL
BIOENERGY
BIOFUEL
BIOFUEL INDUSTRY
BIOFUEL PRODUCTION
BIOFUEL TECHNOLOGY
BIOFUELS
BIOFUELS INDUSTRIES
BIOFUELS INDUSTRY
BIOFUELS PRODUCTION
BIOMASS
BONDS
CANE PRODUCTION
CAPITAL USE
CD
CEREALS
CLIMATE CHANGE
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGES
COMPETITIVENESS
CONSUMER GROUPS
CONSUMERS
CROP
DAMAGES
DEBT
DEFORESTATION
DEMAND FOR CHEMICALS
DEMAND FOR GASOLINE
DEVELOPMENT POLICY
DIESEL
DISPOSABLE INCOME
DISTILLERIES
DIVIDENDS
ECONOMIC PERFORMANCE
ECONOMIC SYSTEMS
ELASTICITIES
ELASTICITY
ELASTICITY OF SUBSTITUTION
EMISSION
EMISSIONS
ENERGY ECONOMICS
ENERGY PRODUCTION
ENERGY SECTORS
ENERGY SOURCES
ENERGY SUPPLY
ENVIRONMENTAL CONCERNS
ENVIRONMENTAL ISSUES
ENVIRONMENTAL MANAGEMENT
EQUILIBRIUM
ETHANOL FROM CORN
EXPORTS
FEEDSTOCK
FEEDSTOCKS
FISCAL POLICY
FOOD POLICY
FOOD POLICY RESEARCH
FOOD PRICES
FOOD RESEARCH
FOOD SUPPLY
FOODS
FOSSIL
FOSSIL FUEL
FOSSIL FUEL COUNTERPARTS
FOSSIL FUELS
FUEL
FUEL DEMAND
FULL EMPLOYMENT
GAS EMISSION
GASOLINE
GASOLINE PRICES
GDP
GENERAL EQUILIBRIUM ANALYSIS
GHG
GRAINS
GROSS DOMESTIC PRODUCT
GROSS OUTPUT
GROWTH RATE
HOUSEHOLD EXPENDITURES
HOUSEHOLD INCOME
IFPRI
INCOME
INCOME GROUPS
INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE
INTERNATIONAL TRADE
LAND USE
MAIZE
MARGINAL BENEFITS
MOBILITY
NATURAL GAS
OIL FUELS
OIL INDUSTRIES
OIL INDUSTRY
OIL PRODUCTION
OIL REFINERIES
OILS
OPEN ECONOMY
OPPORTUNITY COST
OPPORTUNITY COSTS
OPTIMIZATION
PETROLEUM
PRICE INCENTIVES
PRICES OF ETHANOL
PRODUCTION FUNCTION
PUBLIC SAVINGS
REGULATORY REGIMES
RENEWABLE ENERGIES
RENEWABLE ENERGY
RENEWABLE ENERGY SOURCES
SOY OIL
SOYBEAN
SOYBEAN OIL
SOYBEAN PRODUCTION
SOYBEANS
SUGAR
SUGAR CANE
SUGARCANE
SUNFLOWER OIL
TAX
TAX REVENUE
TOTAL REVENUE
TRADE BALANCE
TRADE LIBERALIZATION
TRADITIONAL FUELS
TRANSPORT
TRANSPORT SYSTEM
TRANSPORTATION
TRANSPORTATION FUELS
TRANSPORTATION INDUSTRY
UNEMPLOYMENT
UNEMPLOYMENT RATE
UTILITY FUNCTION
VALUE ADDED
VEGETABLE OIL
VEGETABLE OILS
VEHICLE
VEHICLE ENGINES
VEHICLE FLEET
VEHICLES
WAGES
WHEAT
WOOD
Chisari, Omar O.
Romero, Carlos A.
Timilsina, Govinda
Potential Gains and Losses of Biofuel Production in Argentina : A Computable General Equilibrium Analysis
geographic_facet Latin America & Caribbean
relation Policy Research Working Paper; No. 6124
description Argentina is one of the world's largest biodiesel producers and the largest exporter, using soybeans as feedstock. Using a computable general equilibrium model that explicitly represents the biofuel industry, this study carries out several simulations on two sets of issues: (i) international markets for biofuel and feedstock, such as an increase in prices of soybean, soybean oil, and biodiesel, and (ii) domestic policies related to biofuels, such as an introduction of biofuel mandates. Both sets of issues can have important consequences to the Argentinean economy. The simulations indicate that increases in international prices of biofuels and feedstocks would increase Argentina's gross domestic product and social welfare. Increases in international prices of ethanol and corn also can benefit Argentina, but to a lesser extent. The domestic mandates for biofuels, however, would cause small losses in economic output and social welfare because they divert part of biodiesel and feedstock from exports to lower-return domestic consumption. An increase in the export tax on either feedstock or biodiesel also would lead to a reduction in gross domestic product and social welfare, although government revenue would rise.
format Publications & Research :: Policy Research Working Paper
author Chisari, Omar O.
Romero, Carlos A.
Timilsina, Govinda
author_facet Chisari, Omar O.
Romero, Carlos A.
Timilsina, Govinda
author_sort Chisari, Omar O.
title Potential Gains and Losses of Biofuel Production in Argentina : A Computable General Equilibrium Analysis
title_short Potential Gains and Losses of Biofuel Production in Argentina : A Computable General Equilibrium Analysis
title_full Potential Gains and Losses of Biofuel Production in Argentina : A Computable General Equilibrium Analysis
title_fullStr Potential Gains and Losses of Biofuel Production in Argentina : A Computable General Equilibrium Analysis
title_full_unstemmed Potential Gains and Losses of Biofuel Production in Argentina : A Computable General Equilibrium Analysis
title_sort potential gains and losses of biofuel production in argentina : a computable general equilibrium analysis
publisher World Bank, Washington, DC
publishDate 2012
url http://documents.worldbank.org/curated/en/2012/07/16490829/potential-gains-losses-biofuel-production-argentina-computable-general-equilibrium-analysis
http://hdl.handle.net/10986/11932
_version_ 1764418531083943936
spelling okr-10986-119322021-04-23T14:02:58Z Potential Gains and Losses of Biofuel Production in Argentina : A Computable General Equilibrium Analysis Chisari, Omar O. Romero, Carlos A. Timilsina, Govinda AGGREGATE DEMAND AGRICULTURAL ACTIVITY AGRICULTURAL ECONOMICS AGRICULTURAL POLICIES AGRICULTURAL PRODUCTION AGRICULTURE ALTERNATIVE ENERGY ALTERNATIVE ENERGY SOURCES ALTERNATIVE USE APPROACH AVAILABILITY BALANCE OF PAYMENTS BENCHMARK BEVERAGES BIODIESEL BIOENERGY BIOFUEL BIOFUEL INDUSTRY BIOFUEL PRODUCTION BIOFUEL TECHNOLOGY BIOFUELS BIOFUELS INDUSTRIES BIOFUELS INDUSTRY BIOFUELS PRODUCTION BIOMASS BONDS CANE PRODUCTION CAPITAL USE CD CEREALS CLIMATE CHANGE COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER GROUPS CONSUMERS CROP DAMAGES DEBT DEFORESTATION DEMAND FOR CHEMICALS DEMAND FOR GASOLINE DEVELOPMENT POLICY DIESEL DISPOSABLE INCOME DISTILLERIES DIVIDENDS ECONOMIC PERFORMANCE ECONOMIC SYSTEMS ELASTICITIES ELASTICITY ELASTICITY OF SUBSTITUTION EMISSION EMISSIONS ENERGY ECONOMICS ENERGY PRODUCTION ENERGY SECTORS ENERGY SOURCES ENERGY SUPPLY ENVIRONMENTAL CONCERNS ENVIRONMENTAL ISSUES ENVIRONMENTAL MANAGEMENT EQUILIBRIUM ETHANOL FROM CORN EXPORTS FEEDSTOCK FEEDSTOCKS FISCAL POLICY FOOD POLICY FOOD POLICY RESEARCH FOOD PRICES FOOD RESEARCH FOOD SUPPLY FOODS FOSSIL FOSSIL FUEL FOSSIL FUEL COUNTERPARTS FOSSIL FUELS FUEL FUEL DEMAND FULL EMPLOYMENT GAS EMISSION GASOLINE GASOLINE PRICES GDP GENERAL EQUILIBRIUM ANALYSIS GHG GRAINS GROSS DOMESTIC PRODUCT GROSS OUTPUT GROWTH RATE HOUSEHOLD EXPENDITURES HOUSEHOLD INCOME IFPRI INCOME INCOME GROUPS INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE INTERNATIONAL TRADE LAND USE MAIZE MARGINAL BENEFITS MOBILITY NATURAL GAS OIL FUELS OIL INDUSTRIES OIL INDUSTRY OIL PRODUCTION OIL REFINERIES OILS OPEN ECONOMY OPPORTUNITY COST OPPORTUNITY COSTS OPTIMIZATION PETROLEUM PRICE INCENTIVES PRICES OF ETHANOL PRODUCTION FUNCTION PUBLIC SAVINGS REGULATORY REGIMES RENEWABLE ENERGIES RENEWABLE ENERGY RENEWABLE ENERGY SOURCES SOY OIL SOYBEAN SOYBEAN OIL SOYBEAN PRODUCTION SOYBEANS SUGAR SUGAR CANE SUGARCANE SUNFLOWER OIL TAX TAX REVENUE TOTAL REVENUE TRADE BALANCE TRADE LIBERALIZATION TRADITIONAL FUELS TRANSPORT TRANSPORT SYSTEM TRANSPORTATION TRANSPORTATION FUELS TRANSPORTATION INDUSTRY UNEMPLOYMENT UNEMPLOYMENT RATE UTILITY FUNCTION VALUE ADDED VEGETABLE OIL VEGETABLE OILS VEHICLE VEHICLE ENGINES VEHICLE FLEET VEHICLES WAGES WHEAT WOOD Argentina is one of the world's largest biodiesel producers and the largest exporter, using soybeans as feedstock. Using a computable general equilibrium model that explicitly represents the biofuel industry, this study carries out several simulations on two sets of issues: (i) international markets for biofuel and feedstock, such as an increase in prices of soybean, soybean oil, and biodiesel, and (ii) domestic policies related to biofuels, such as an introduction of biofuel mandates. Both sets of issues can have important consequences to the Argentinean economy. The simulations indicate that increases in international prices of biofuels and feedstocks would increase Argentina's gross domestic product and social welfare. Increases in international prices of ethanol and corn also can benefit Argentina, but to a lesser extent. The domestic mandates for biofuels, however, would cause small losses in economic output and social welfare because they divert part of biodiesel and feedstock from exports to lower-return domestic consumption. An increase in the export tax on either feedstock or biodiesel also would lead to a reduction in gross domestic product and social welfare, although government revenue would rise. 2012-12-07T18:06:29Z 2012-12-07T18:06:29Z 2012-07 http://documents.worldbank.org/curated/en/2012/07/16490829/potential-gains-losses-biofuel-production-argentina-computable-general-equilibrium-analysis http://hdl.handle.net/10986/11932 English en_US Policy Research Working Paper; No. 6124 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean