Nonlinearities in the U.S. corn-ethanol-oil-gasoline price system

We use a smooth transition vector error correction model to assess price relationships within the U.S. ethanol industry. Monthly ethanol, corn, oil, and gasoline prices from 1990 to 2008 are used in the analysis. Results indicate the existence of long‐run relationships among the prices analyzed. Str...

Full description

Saved in:

Bibliographic Details
Published in:	Agricultural economics Vol. 42; no. 1; pp. 35 - 45
Main Authors:	Serra, Teresa, Zilberman, David, Gil, José M., Goodwin, Barry K.
Format:	Journal Article
Language:	English
Published:	Malden, USA Blackwell Publishing Inc 01-01-2011 International Association of Agricultural Economists Wiley Subscription Services, Inc
Series:	Agricultural Economics
Subjects:	Agronomy Biofuels Cointegration Corn Economic models Economics Ethanol Gasoline Gasoline prices Nonlinearity Threshold United States
Online Access:	Get full text
Tags:	Add Tag No Tags, Be the first to tag this record!

Description
Summary:	We use a smooth transition vector error correction model to assess price relationships within the U.S. ethanol industry. Monthly ethanol, corn, oil, and gasoline prices from 1990 to 2008 are used in the analysis. Results indicate the existence of long‐run relationships among the prices analyzed. Strong links between energy and food prices are identified.
Bibliography:	ArticleID:AGEC464 istex:562950A02A2287F58A44695A47F874F26F22BC10 ark:/67375/WNG-DNNTP6K4-N Data Appendix Available Online A data appendix to replicate main results is available in the online version of this article. Please note: Wiley‐Blackwell, Inc. is not responsible for the content or functionality of any supporting information supplied by the author. Any queries (other than missing material) should be directed to the corresponding author for the article. ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23
ISSN:	0169-5150 1574-0862
DOI:	10.1111/j.1574-0862.2010.00464.x