Understanding E10 markets in the U.S.: Evidence from spatial data
Author
Abstract
Suggested Citation
DOI: 10.1016/j.eap.2023.05.018
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- John Coglianese & Lucas W. Davis & Lutz Kilian & James H. Stock, 2017.
"Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 32(1), pages 1-15, January.
- Stock, James & Kilian, Lutz & Davis, Lucas W & Coglianese, John, 2015. "Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand," CEPR Discussion Papers 10430, C.E.P.R. Discussion Papers.
- Coglianese, John & Davis, Lucas W. & Kilian, Lutz & Stock, James H., 2015. "Anticipation, tax avoidance, and the price elasticity of gasoline demand," CFS Working Paper Series 503, Center for Financial Studies (CFS).
- John Coglianese & Lucas W. Davis & Lutz Kilian & James H. Stock, 2016. "Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand," CESifo Working Paper Series 5764, CESifo.
- John Coglianese & Lucas W. Davis & Lutz Kilian & James H. Stock, 2015. "Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand," NBER Working Papers 20980, National Bureau of Economic Research, Inc.
- Gardebroek, Cornelis & Hernandez, Manuel A., 2013.
"Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets,"
Energy Economics, Elsevier, vol. 40(C), pages 119-129.
- Gardebroek, Cornelis & Hernandez, Manuel A., 2012. "Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122476, European Association of Agricultural Economists.
- Hernandez, Manuel A. & Gardebroek, Cornelis, 2012. "Do energy prices stimulate food price volatility? Examining volatility transmission between US oil, ethanol and corn markets," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124583, Agricultural and Applied Economics Association.
- Qiu, Cheng & Colson, Gregory & Escalante, Cesar & Wetzstein, Michael, 2012.
"Considering macroeconomic indicators in the food before fuel nexus,"
Energy Economics, Elsevier, vol. 34(6), pages 2021-2028.
- Qiu, Cheng & Colson, Gregory & Wetzstein, Michael E., 2011. "Considering Macroeconomic Indicators in the Food versus Fuel Issues," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103689, Agricultural and Applied Economics Association.
- Condon, Nicole & Klemick, Heather & Wolverton, Ann, 2015.
"Impacts of ethanol policy on corn prices: A review and meta-analysis of recent evidence,"
Food Policy, Elsevier, vol. 51(C), pages 63-73.
- Condon, Nicole & Klemick, Heather & Wolverton, Ann, 2013. "Impacts of Ethanol Policy on Corn Prices: A Review and Meta-Analysis of Recent Evidence," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149940, Agricultural and Applied Economics Association.
- Nicole Condon & Heather Klemick & Ann Wolverton, 2013. "Impacts of Ethanol Policy on Corn Prices: A Review and Meta-Analysis of Recent Evidence," NCEE Working Paper Series 201305, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Oct 2013.
- Blough, Stephen R, 1992. "The Relationship between Power and Level for Generic Unit Root Tests in Finite Samples," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 7(3), pages 295-308, July-Sept.
- M. Hashem Pesaran, 2021.
"General diagnostic tests for cross-sectional dependence in panels,"
Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
- Pesaran, M. Hashem, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," IZA Discussion Papers 1240, Institute of Labor Economics (IZA).
- M. Hashem Pesaran, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," CESifo Working Paper Series 1229, CESifo.
- Pesaran, M.H., 2004. "‘General Diagnostic Tests for Cross Section Dependence in Panels’," Cambridge Working Papers in Economics 0435, Faculty of Economics, University of Cambridge.
- Caporin, Massimiliano & Naeem, Muhammad Abubakr & Arif, Muhammad & Hasan, Mudassar & Vo, Xuan Vinh & Hussain Shahzad, Syed Jawad, 2021. "Asymmetric and time-frequency spillovers among commodities using high-frequency data," Resources Policy, Elsevier, vol. 70(C).
- Eissa, Mohamad Abdelaziz & Al Refai, Hisham, 2019. "Modelling the symmetric and asymmetric relationships between oil prices and those of corn, barley, and rapeseed oil," Resources Policy, Elsevier, vol. 64(C).
- Federico Belotti & Gordon Hughes & Andrea Piano Mortari, 2017.
"Spatial panel-data models using Stata,"
Stata Journal, StataCorp LP, vol. 17(1), pages 139-180, March.
- Federico Belotti & Gordon Hughes & Andrea Piano Mortari, 2016. "Spatial panel data models using Stata," CEIS Research Paper 373, Tor Vergata University, CEIS, revised 28 Jul 2016.
- Křehlík, Tomáš & Baruník, Jozef, 2017.
"Cyclical properties of supply-side and demand-side shocks in oil-based commodity markets,"
Energy Economics, Elsevier, vol. 65(C), pages 208-218.
- Tomas Krehlik & Jozef Barunik, 2016. "Cyclical properties of supply-side and demand-side shocks in oil-based commodity markets," Papers 1603.07020, arXiv.org, revised Jan 2017.
- Jonathan E. Hughes & Christopher R. Knittel & Daniel Sperling, 2008.
"Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand,"
The Energy Journal, International Association for Energy Economics, vol. 29(1), pages 113-134.
- Christopher Knittel & Daniel Sperling, 2006. "Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand," Working Papers 97, University of California, Davis, Department of Economics.
- Jonathan E. Hughes & Christopher R. Knittel & Daniel Sperling, 2006. "Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand," NBER Working Papers 12530, National Bureau of Economic Research, Inc.
- Kisswani, Khalid M. & Lahiani, Amine & Mefteh-Wali, Salma, 2022.
"An analysis of OPEC oil production reaction to non-OPEC oil supply,"
Resources Policy, Elsevier, vol. 77(C).
- Khalid Kisswani & Amine Lahiani & Salma Mefteh-Wali, 2022. "An analysis of OPEC oil production reaction to non-OPEC oil supply," Post-Print hal-03810092, HAL.
- Li, Jing & Stock, James H., 2019. "Cost pass-through to higher ethanol blends at the pump: Evidence from Minnesota gas station data," Journal of Environmental Economics and Management, Elsevier, vol. 93(C), pages 1-19.
- Qian, Chen & Giles, David E., 2007.
"The bias of elasticity estimators in linear regression: Some analytic results,"
Economics Letters, Elsevier, vol. 94(2), pages 185-191, February.
- Chen Qian & David E. Giles, 2005. "The Bias of Elasticity Estimtors in Linear Regression: Some Analytic Results," Econometrics Working Papers 0517, Department of Economics, University of Victoria.
- Fernandez-Perez, Adrian & Frijns, Bart & Tourani-Rad, Alireza, 2016. "Contemporaneous interactions among fuel, biofuel and agricultural commodities," Energy Economics, Elsevier, vol. 58(C), pages 1-10.
- Kapoor, Mudit & Kelejian, Harry H. & Prucha, Ingmar R., 2007. "Panel data models with spatially correlated error components," Journal of Econometrics, Elsevier, vol. 140(1), pages 97-130, September.
- Lutz Kilian, 2010.
"Explaining Fluctuations in Gasoline Prices: A Joint Model of the Global Crude Oil Market and the U.S. Retail Gasoline Market,"
The Energy Journal, , vol. 31(2), pages 87-112, April.
- Lutz Kilian, 2010. "Explaining Fluctuations in Gasoline Prices: A Joint Model of the Global Crude Oil Market and the U.S. Retail Gasoline Market," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 87-112.
- Ramsey, Steven & Williams, Brian & Jarrell, Philip & Hubbs, Todd, 2023. "Global Demand for Fuel Ethanol Through 2030," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 2023(Bioenergy), February.
- Peter C. B. Phillips & Hyungsik R. Moon, 1999.
"Linear Regression Limit Theory for Nonstationary Panel Data,"
Econometrica, Econometric Society, vol. 67(5), pages 1057-1112, September.
- Peter C.B. Phillips & Hyungsik R. Moon, 1999. "Linear Regression Limit Theory for Nonstationary Panel Data," Cowles Foundation Discussion Papers 1222, Cowles Foundation for Research in Economics, Yale University.
- Westbrook, Jessica & Barter, Garrett E. & Manley, Dawn K. & West, Todd H., 2014. "A parametric analysis of future ethanol use in the light-duty transportation sector: Can the US meet its Renewable Fuel Standard goals without an enforcement mechanism?," Energy Policy, Elsevier, vol. 65(C), pages 419-431.
- Petrolia, Daniel R. & Bhattacharjee, Sanjoy & Hudson, Darren & Herndon, Cary W., 2010. "Do Americans want ethanol? A comparative contingent-valuation study of willingness to pay for E-10 and E-85," Energy Economics, Elsevier, vol. 32(1), pages 121-128, January.
- Sébastien Pouliot & Kenneth A Liao & Bruce A Babcock, 2018.
"Estimating Willingness to Pay for E85 in the United States Using an Intercept Survey of Flex Motorists,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 100(5), pages 1486-1509.
- Kenneth Liao & Sebastien Pouliot & Bruce A. Babcock, 2018. "Estimating Willingness to Pay for E85 in the United States Using an Intercept Survey of Flex Motorists," Center for Agricultural and Rural Development (CARD) Publications 16-wp562, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Pouliot, Sebastien & Liao, Kenneth A. & Babcock, Bruce, 2018. "Estimating Willingness to Pay for E85 in the United States Using an Intercept Survey of Flex Motorists," ISU General Staff Papers 201807030700001619, Iowa State University, Department of Economics.
- Cochrane, John H., 1991. "A critique of the application of unit root tests," Journal of Economic Dynamics and Control, Elsevier, vol. 15(2), pages 275-284, April.
- Nickell, Stephen J, 1981. "Biases in Dynamic Models with Fixed Effects," Econometrica, Econometric Society, vol. 49(6), pages 1417-1426, November.
- Lee, Lung-fei & Yu, Jihai, 2010. "Some recent developments in spatial panel data models," Regional Science and Urban Economics, Elsevier, vol. 40(5), pages 255-271, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Roger Bivand & Giovanni Millo & Gianfranco Piras, 2021. "A Review of Software for Spatial Econometrics in R," Mathematics, MDPI, vol. 9(11), pages 1-40, June.
- Markus Eberhardt & Francis Teal, 2011.
"Econometrics For Grumblers: A New Look At The Literature On Cross‐Country Growth Empirics,"
Journal of Economic Surveys, Wiley Blackwell, vol. 25(1), pages 109-155, February.
- Markus Eberhardt & Francis Teal, 2009. "Econometrics for Grumblers: A New Look at the Literature on Cross-Country Growth Empirics," CSAE Working Paper Series 2009-07, Centre for the Study of African Economies, University of Oxford.
- Eberhardt, Markus & Teal, Francis, 2009. "Econometrics for Grumblers: A New Look at the Literature on Cross-Country Growth Empirics," MPRA Paper 15813, University Library of Munich, Germany.
- Baltagi, Badi H. & Feng, Qu & Kao, Chihwa, 2012.
"A Lagrange Multiplier test for cross-sectional dependence in a fixed effects panel data model,"
Journal of Econometrics, Elsevier, vol. 170(1), pages 164-177.
- Badi H. Baltagi & Qu Feng & Chihwa Kao, 2012. "A Lagrange Multiplier Test for Cross-Sectional Dependence in a Fixed Effects Panel Data Model," Center for Policy Research Working Papers 137, Center for Policy Research, Maxwell School, Syracuse University.
- Selien De Schryder & Gert Peersman, 2016.
"The U.S. Dollar Exchange Rate and the Demand for Oil,"
The Energy Journal, , vol. 37(1), pages 90-114, January.
- Selien De Schryder & Gert Peersman, 2015. "The U.S. Dollar Exchange Rate and the Demand for Oil," The Energy Journal, , vol. 36(3), pages 263-286, July.
- Selien De Schryder and Gert Peersman, 2015. "The U.S. Dollar Exchange Rate and the Demand for Oil," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
- Selien De Schryder & Gert Peersman, 2013. "The U.S. Dollar Exchange Rate and the Demand for Oil," CESifo Working Paper Series 4126, CESifo.
- Selien De Schryder & Gert Peersman, 2014. "The Us Dollar Exchange Rate And The Demand For Oil," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 14/893, Ghent University, Faculty of Economics and Business Administration.
- Yuliya Lovcha & Alejandro Perez-Laborda, 2017.
"Structural shocks and dynamic elasticities in a long memory model of the US gasoline retail market,"
Empirical Economics, Springer, vol. 53(2), pages 405-422, September.
- Lovcha, Yuliya & Pérez Laborda, Àlex, 2016. "Structural shocks and dinamic elasticities in a long memory model of the US gasoline retail market," Working Papers 2072/261538, Universitat Rovira i Virgili, Department of Economics.
- Baltagi, Badi H. & Feng, Qu & Kao, Chihwa, 2016.
"Estimation of heterogeneous panels with structural breaks,"
Journal of Econometrics, Elsevier, vol. 191(1), pages 176-195.
- Badi H. Baltagi & Qu Feng & Chihwa Kao, 2015. "Estimation of Heterogeneous Panels with Structural Breaks," Center for Policy Research Working Papers 179, Center for Policy Research, Maxwell School, Syracuse University.
- Scott, K. Rebecca, 2011.
"Demand and Price Volatility: Rational Habits in International Gasoline Demand,"
Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series
qt2q87432b, Department of Agricultural & Resource Economics, UC Berkeley.
- Scott, K. Rebecca, 2012. "Demand and price volatility: rational habits in international gasoline demand," CUDARE Working Papers 122891, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Scott, K. Rebecca, 2011. "Demand and price volatility: rational habits in international gasoline demand," CUDARE Working Papers 121931, University of California, Berkeley, Department of Agricultural and Resource Economics.
- Badi H. Baltagi & Bernard Fingleton & Alain Pirotte, 2014.
"Estimating and Forecasting with a Dynamic Spatial Panel Data Model,"
Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 76(1), pages 112-138, February.
- Baltagi, Badi H. & Fingleton, Bernard & Pirotte, Alain, 2011. "Estimating and forecasting with a dynamic spatial panel data model," LSE Research Online Documents on Economics 58322, London School of Economics and Political Science, LSE Library.
- Badi H. Baltagi & Bernard Fingleton & Alain Pirotte, 2011. "Estimating and Forecasting with a Dynamic Spatial Panel Data Model," SERC Discussion Papers 0095, Centre for Economic Performance, LSE.
- Badi H. Baltagi & Bernard Fingleton & Alain Pirotte, 2012. "Estimating and Forecasting With A Dynamic Spatial Panel Data Model," Center for Policy Research Working Papers 149, Center for Policy Research, Maxwell School, Syracuse University.
- Debarsy, Nicolas & Ertur, Cem, 2010.
"Testing for spatial autocorrelation in a fixed effects panel data model,"
Regional Science and Urban Economics, Elsevier, vol. 40(6), pages 453-470, November.
- Nicolas DEBARSY (CERPE De Namur) & Cem ERTUR, 2009. "Testing for Spatial Autocorrelation in a Fixed Effects Panel Data Model," LEO Working Papers / DR LEO 1546, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
- Nicolas Debarsy & Cem Ertur, 2010. "Testing for Spatial Autocorrelation in a Fixed Effects Panel Data Model," Post-Print halshs-00414133, HAL.
- Su, Liangjun & Yang, Zhenlin, 2015. "QML estimation of dynamic panel data models with spatial errors," Journal of Econometrics, Elsevier, vol. 185(1), pages 230-258.
- Karel Janda & Ladislav Kristoufek, 2019. "The relationship between fuel and food prices: Methods, outcomes, and lessons for commodity price risk management," CAMA Working Papers 2019-20, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Tiwari, Aviral Kumar & Nasreen, Samia & Shahbaz, Muhammad & Hammoudeh, Shawkat, 2020. "Time-frequency causality and connectedness between international prices of energy, food, industry, agriculture and metals," Energy Economics, Elsevier, vol. 85(C).
- Yahya, Muhammad & Dutta, Anupam & Bouri, Elie & Wadström, Christoffer & Uddin, Gazi Salah, 2022. "Dependence structure between the international crude oil market and the European markets of biodiesel and rapeseed oil," Renewable Energy, Elsevier, vol. 197(C), pages 594-605.
- Yu, Jihai & de Jong, Robert & Lee, Lung-fei, 2008. "Quasi-maximum likelihood estimators for spatial dynamic panel data with fixed effects when both n and T are large," Journal of Econometrics, Elsevier, vol. 146(1), pages 118-134, September.
- Alice Milivinti, 2019. "A spatio-temporal analysis of migration," Empirical Economics, Springer, vol. 57(4), pages 1411-1442, October.
- Bai, Jushan & Li, Kunpeng, 2021. "Dynamic spatial panel data models with common shocks," Journal of Econometrics, Elsevier, vol. 224(1), pages 134-160.
- Millo, Giovanni, 2014. "Maximum likelihood estimation of spatially and serially correlated panels with random effects," Computational Statistics & Data Analysis, Elsevier, vol. 71(C), pages 914-933.
- James Ming Chen & Mobeen Ur Rehman, 2021. "A Pattern New in Every Moment: The Temporal Clustering of Markets for Crude Oil, Refined Fuels, and Other Commodities," Energies, MDPI, vol. 14(19), pages 1-58, September.
- Wei Su, Chi & Wang, Xiao-Qing & Tao, Ran & Oana-Ramona, Lobonţ, 2019. "Do oil prices drive agricultural commodity prices? Further evidence in a global bio-energy context," Energy, Elsevier, vol. 172(C), pages 691-701.
- GianCarlo Moschini & Harvey Lapan & Hyunseok Kim, 2017.
"The Renewable Fuel Standard in Competitive Equilibrium: Market and Welfare Effects,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 99(5), pages 1117-1142.
- GianCarlo Moschini & Harvey E. Lapan & Hyunseok Kim, 2017. "The Renewable Fuel Standard in Competitive Equilibrium: Market and Welfare Effects," Center for Agricultural and Rural Development (CARD) Publications 17-wp575, Center for Agricultural and Rural Development (CARD) at Iowa State University.
More about this item
Keywords
Crude oil; E10; Ethanol; Gasoline; Price elasticity; Spatial panel;All these keywords.
JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
- Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecanpo:v:78:y:2023:i:c:p:1267-1281. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/economic-analysis-and-policy .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.