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Corn Ethanol and US Biofuel Policy Ten Years Later: A Systematic Review and Meta-analysis

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  • Hochman, Gal
  • Zilberman, David

Abstract

We use data and estimates on biofuel impacts reported in the literature to assess some of the controversy surrounding the introduction of biofuels by conducting meta-analyses on the impacts of corn ethanol on food and fuel prices, greenhouse gases, employment, rural income, balance of trade, the United States government budget, and learning-by-doing. The meta-analyses suggest that corn ethanol has had a relatively significant impact on the income of agricultural and related agribusiness industries, employment in farm states, fuel security in terms of reducing the import of oil from abroad, and the overall balance of trade. These effects are likely the main drivers behind biofuel policies.

Suggested Citation

  • Hochman, Gal & Zilberman, David, 2016. "Corn Ethanol and US Biofuel Policy Ten Years Later: A Systematic Review and Meta-analysis," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235467, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea16:235467
    DOI: 10.22004/ag.econ.235467
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    Cited by:

    1. Curtis McKnight & Feng Qiu & Marty Luckert & Grant Hauer, 2021. "Prices for a second‐generation biofuel industry in Canada: Market linkages between Canadian wheat and US energy and agricultural commodities," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(3), pages 337-351, September.
    2. Filip, Ondrej & Janda, Karel & Kristoufek, Ladislav & Zilberman, David, 2019. "Food versus fuel: An updated and expanded evidence," Energy Economics, Elsevier, vol. 82(C), pages 152-166.

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    Keywords

    Environmental Economics and Policy; Political Economy; Resource/Energy Economics and Policy;
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