Abstract
We use nonlinear time series models to assess price relationships within the US ethanol industry. Daily ethanol, corn, and crude oil futures prices observed from mid-2005 to mid-2007 are used in the analysis. Our results suggest the existence of an equilibrium relationship between the three prices studied. Only ethanol prices are found to adjust to deviations from this relationship. The evolution of ethanol prices in relation to corn and crude oil prices may have important implications for the long-run competitiveness of the US ethanol industry.
Cite
CITATION STYLE
Serra, T., Zilberman, D., Gil, J. M., & Goodwin, B. K. (2010). Price Transmission in the US Ethanol Market. In Handbook of Bioenergy Economics and Policy (pp. 55–72). Springer New York. https://doi.org/10.1007/978-1-4419-0369-3_5
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