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

被引：139
作者：
Serra, Teresa [1 ]
Zilberman, David [2 ]
Gil, Jose M. [1 ]
Goodwin, Barry K. [3 ]
机构：
[1] CREDA UPC IRTA, Ctr Agrofood Econ & Dev, Edifici ESAB, Castelldefels 08860, Spain
[2] Univ Calif Berkeley, Dept Agr & Resource Econ, Berkeley, CA 94720 USA
[3] N Carolina State Univ, Dept Agr & Resource Econ, Raleigh, NC 27695 USA
来源：
AGRICULTURAL ECONOMICS | 2011年 / 42卷 / 01期
关键词：
L1; Biofuels; United States; Cointegration; Threshold; TRANSITION AUTOREGRESSIVE MODELS; UNIT-ROOT; MARKET INTEGRATION; EFFICIENT TESTS; FUELS MARKET; TIME-SERIES; TRANSMISSION; SECTOR;
D O I：
10.1111/j.1574-0862.2010.00464.x
中图分类号：
F3 [农业经济];
学科分类号：
0202 ; 020205 ; 1203 ;
摘要：
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.
引用
收藏
页码：35 / 45
页数：11
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