Impacts of the Brazilian Bio-Diesel Program on the World Soybean and Soybean Products Market : An Econometric Simulation Approach
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To develop a low-income region, the Brazilian Government will start a bio-diesel program in 2008. The government will provide castor beans, palm oil, sunflowers, cotton, peanuts, and soybean as the raw materials for bio-diesel production. Because of their favorable production costs and production levels, soybean have certain advantages over other crops in the production of bio-diesel. Our study is the first to evaluate the impact the Brazilian bio-diesel program will have on the domestic soybean and soybean products markets, by applying a newly developed world soybean and soybean products model. Our simulation suggests moderate impacts on the world soybean and soybean products markets.
- The Japanese Journal of Rural Economics
The Japanese Journal of Rural Economics 10, 12-32, 2008-03-31
The Agricultural Economics Society of Japan