Abstract
In this article, an extensive review of the rapidly growing biofuel-related time-series literature is carried out. The data used, the modeling techniques and the main findings of this literature are discussed. Providing a review of this flourishing research area is relevant as a guidepost for future research. This literature concludes that energy prices drive long-run agricultural price levels and that instability in energy markets is transferred to food markets.
Original language | English (US) |
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Pages (from-to) | 141-151 |
Number of pages | 11 |
Journal | Energy Economics |
Volume | 37 |
DOIs | |
State | Published - May 2013 |
Externally published | Yes |
Keywords
- Biofuels
- Literature review
- Price levels
- Price volatility
- Time series
ASJC Scopus subject areas
- Economics and Econometrics
- General Energy