GTAP Resources: Resource Display
| GTAP Resource #2434 |
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"THE ECONOMY-WIDE EFFECTS IN THE UNITED STATES OF REPLACING CRUDE PETROLEUM WITH BIOMASS" by Dixon, Peter, Stefan Osborne and Maureen Rimmer Abstract Part of President Bush’s energy policy is to encourage research aimed at reducing the cost of biomass-based motor fuels to become competitive with petroleum-based fuels. We use a dynamic, CGE model to investigate the economy-wide implications of successful implementation of this policy. We find in the long-run, 2020, that the U.S. would experience significant benefits arising from: (1) substitution of biomass whose price is likely to fall in the long-run for crude petroleum whose price is likely to rise; (2) reduction in the world price of crude petroleum; (3) an increase in employment; and (4) an increase in export prices. |
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- Domestic policy analysis - Dynamic modeling |
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If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  2007 Conference Paper (69.2 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 2:05:45 PM
