Measurement of ethanol subsidies and associated economic distortions: an analysis of Brazilian and U.S. policies
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Data de Publicação: | 2014 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Economia Aplicada |
Texto Completo: | https://www.revistas.usp.br/ecoa/article/view/88430 |
Resumo: | The objectives of this study were to measure the subsidy equivalent value of ethanol policies in the United States and Brazil, and estimate the magnitude of associated economic distortions. For 2002-11, average annual ethanol subsidy levels were US$7.2 billion in the United States and US$2.1 billion in Brazil. Brazilian support measures for ethanol increased the world price by 2.7% on average in this period, which expanded out put in both countries (1.2% in the United States and 5.3% in Brazil), reduced U.S. consumption by 4.7% and increased Brazilian consumption by 16.1%. On the other hand, U.S. ethanol policies depressed world prices by 2.4% on average in the same period, which boosted consumption in both countries (by 2.5% in the United States and 1.3% in Brazil), expanded U.S. production by 8.3%, but reduced Brazilian out put by 4.7%. Although both countries changed their policies in 2012, distortions remain. |
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Economia Aplicada |
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Measurement of ethanol subsidies and associated economic distortions: an analysis of Brazilian and U.S. policiesThe objectives of this study were to measure the subsidy equivalent value of ethanol policies in the United States and Brazil, and estimate the magnitude of associated economic distortions. For 2002-11, average annual ethanol subsidy levels were US$7.2 billion in the United States and US$2.1 billion in Brazil. Brazilian support measures for ethanol increased the world price by 2.7% on average in this period, which expanded out put in both countries (1.2% in the United States and 5.3% in Brazil), reduced U.S. consumption by 4.7% and increased Brazilian consumption by 16.1%. On the other hand, U.S. ethanol policies depressed world prices by 2.4% on average in the same period, which boosted consumption in both countries (by 2.5% in the United States and 1.3% in Brazil), expanded U.S. production by 8.3%, but reduced Brazilian out put by 4.7%. Although both countries changed their policies in 2012, distortions remain.Este estudo tem por objetivos medir os valores dos subsídios equivalentes das políticas de apoio ao etanol nos Estados Unidos e no Brasil e estimar a magnitude das distorções econômicas por eles causadas. Para o período entre 2002 e 2011, os valores anuais médios destes subsídios foram de US$7,2 bilhões nos Estados Unidos e US$2,1 bilhões no Brasil. As políticas brasileiras elevaram o preço mundial em média em 2,7% neste período, elevando a produção nos dois países (1,2% nos Estados Unidos e 5,3% no Brasil), reduzindo o consumo norte-americano em 4,7% e expandindo o consumo brasileiro em 16,1%. Já as políticas dos Estados Unidos deprimiram o preço mundial em média em 2,4% no mesmo período, expandindo o consumo nos dois países (2,5% no Estados Unidos e 1,3% no Brasil), aumentando a produção norte-americana em 8,3%, mas provocando uma queda de 4,7% na produção brasileira. Em 2012, ambos países mudaram suas políticas, mas as distorções no mercado permanecem.Universidade de São Paulo, FEA-RP/USP2014-09-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://www.revistas.usp.br/ecoa/article/view/8843010.1590/1413-8050/ea375Economia Aplicada; Vol. 18 No. 3 (2014); 455-481Economia Aplicada; Vol. 18 Núm. 3 (2014); 455-481Economia Aplicada; v. 18 n. 3 (2014); 455-4811980-53301413-8050reponame:Economia Aplicadainstname:Universidade de São Paulo (USP)instacron:USPenghttps://www.revistas.usp.br/ecoa/article/view/88430/91313Copyright (c) 2015 Economia Aplicadainfo:eu-repo/semantics/openAccessJales, Mario de Queiroz MonteiroCosta, Cinthia Cabral da2016-02-03T16:59:19Zoai:revistas.usp.br:article/88430Revistahttps://www.revistas.usp.br/ecoaPUBhttps://www.revistas.usp.br/ecoa/oai||revecap@usp.br1980-53301413-8050opendoar:2023-09-13T12:17:02.554623Economia Aplicada - Universidade de São Paulo (USP)false |
dc.title.none.fl_str_mv |
Measurement of ethanol subsidies and associated economic distortions: an analysis of Brazilian and U.S. policies |
title |
Measurement of ethanol subsidies and associated economic distortions: an analysis of Brazilian and U.S. policies |
spellingShingle |
Measurement of ethanol subsidies and associated economic distortions: an analysis of Brazilian and U.S. policies Jales, Mario de Queiroz Monteiro |
title_short |
Measurement of ethanol subsidies and associated economic distortions: an analysis of Brazilian and U.S. policies |
title_full |
Measurement of ethanol subsidies and associated economic distortions: an analysis of Brazilian and U.S. policies |
title_fullStr |
Measurement of ethanol subsidies and associated economic distortions: an analysis of Brazilian and U.S. policies |
title_full_unstemmed |
Measurement of ethanol subsidies and associated economic distortions: an analysis of Brazilian and U.S. policies |
title_sort |
Measurement of ethanol subsidies and associated economic distortions: an analysis of Brazilian and U.S. policies |
author |
Jales, Mario de Queiroz Monteiro |
author_facet |
Jales, Mario de Queiroz Monteiro Costa, Cinthia Cabral da |
author_role |
author |
author2 |
Costa, Cinthia Cabral da |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Jales, Mario de Queiroz Monteiro Costa, Cinthia Cabral da |
description |
The objectives of this study were to measure the subsidy equivalent value of ethanol policies in the United States and Brazil, and estimate the magnitude of associated economic distortions. For 2002-11, average annual ethanol subsidy levels were US$7.2 billion in the United States and US$2.1 billion in Brazil. Brazilian support measures for ethanol increased the world price by 2.7% on average in this period, which expanded out put in both countries (1.2% in the United States and 5.3% in Brazil), reduced U.S. consumption by 4.7% and increased Brazilian consumption by 16.1%. On the other hand, U.S. ethanol policies depressed world prices by 2.4% on average in the same period, which boosted consumption in both countries (by 2.5% in the United States and 1.3% in Brazil), expanded U.S. production by 8.3%, but reduced Brazilian out put by 4.7%. Although both countries changed their policies in 2012, distortions remain. |
publishDate |
2014 |
dc.date.none.fl_str_mv |
2014-09-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://www.revistas.usp.br/ecoa/article/view/88430 10.1590/1413-8050/ea375 |
url |
https://www.revistas.usp.br/ecoa/article/view/88430 |
identifier_str_mv |
10.1590/1413-8050/ea375 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://www.revistas.usp.br/ecoa/article/view/88430/91313 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2015 Economia Aplicada info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2015 Economia Aplicada |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade de São Paulo, FEA-RP/USP |
publisher.none.fl_str_mv |
Universidade de São Paulo, FEA-RP/USP |
dc.source.none.fl_str_mv |
Economia Aplicada; Vol. 18 No. 3 (2014); 455-481 Economia Aplicada; Vol. 18 Núm. 3 (2014); 455-481 Economia Aplicada; v. 18 n. 3 (2014); 455-481 1980-5330 1413-8050 reponame:Economia Aplicada instname:Universidade de São Paulo (USP) instacron:USP |
instname_str |
Universidade de São Paulo (USP) |
instacron_str |
USP |
institution |
USP |
reponame_str |
Economia Aplicada |
collection |
Economia Aplicada |
repository.name.fl_str_mv |
Economia Aplicada - Universidade de São Paulo (USP) |
repository.mail.fl_str_mv |
||revecap@usp.br |
_version_ |
1800221695073583104 |