Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.01.054 |
On the current account - biofuels link in emerging and developing countries: do oil price fluctuations matter? | |
Gomes, Gabriel1; Hache, Emmanuel2; Mignon, Valerie1,3; Paris, Anthony4,5 | |
2018-05-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2018 |
卷号 | 116页码:60-67 |
文章类型 | Article |
语种 | 英语 |
国家 | France |
英文摘要 | Many developed countries promote the use of biofuels for environmental concerns, leading to a rise in the price of agricultural commodities utilized in their production. Such environmental policies have major effects on the economy of emerging and developing countries whose activity is highly dependent on agricultural commodities involved in biofuel production. This paper tackles this issue by examining the price impact of biofuels on the current account for a panel of 16 developing and emerging countries, and the potential nonlinear effect exerted by the price of oil on this relationship. Relying on the estimation of panel smooth-transition regression models, we show that positive shocks in the price of biofuels lead to a current-account improvement for agricultural commodity exporters (rasp. producers) only when the price of oil is below 45 (reap. 56) US dollars per barrel. When the price of oil exceeds these thresholds, the effect of fluctuations in the price of biofuels on the current account tends to weaken and become non significant. Under these conditions, our findings indicate that, for agricultural commodity exporters which are also oil importers, the current account is pulled by two opposite forces, making its overall reaction modest or even nil. |
英文关键词 | Biofuels Oil Current account Panel smooth transition regression |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000430758200007 |
WOS关键词 | FINANCIAL DEVELOPMENT ; DETERMINANTS ; IMBALANCES ; BALANCES ; MODEL |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18542 |
专题 | 气候变化 |
作者单位 | 1.Univ Paris Nanterre, Econ X CNRS, 200 Ave Republ, F-92001 Nanterre, France; 2.IFP Energies Nouvelles, 1 & 4 Ave Bois Preau, F-92852 Rueil Malmaison, France; 3.CEPII, Paris, France; 4.Univ Paris 08, LED, Univ Paris Nanterre, Econ X CNRS, 1 & 4 Ave Bois Preau, F-92852 Rueil Malmalson, France; 5.IFP Energies Nouvelles, 1 & 4 Ave Bois Preau, F-92852 Rueil Malmalson, France |
推荐引用方式 GB/T 7714 | Gomes, Gabriel,Hache, Emmanuel,Mignon, Valerie,et al. On the current account - biofuels link in emerging and developing countries: do oil price fluctuations matter?[J]. ENERGY POLICY,2018,116:60-67. |
APA | Gomes, Gabriel,Hache, Emmanuel,Mignon, Valerie,&Paris, Anthony.(2018).On the current account - biofuels link in emerging and developing countries: do oil price fluctuations matter?.ENERGY POLICY,116,60-67. |
MLA | Gomes, Gabriel,et al."On the current account - biofuels link in emerging and developing countries: do oil price fluctuations matter?".ENERGY POLICY 116(2018):60-67. |
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