publication . Article . 2018

The Impact of Biofuels on Food Prices; The Experiences of Brazil and United States

Ncube, Free Pangani; Ndlovu, Khuphukani Tshamu; Tsegaye, Asrat;
Open Access English
  • Published: 01 Jan 2018 Journal: Advanced Journal of Social Science (issn: 2581-3358, eissn: 2581-3358, Copyright policy)
  • Publisher: AIJR Publisher
Abstract
Using crops for fuel generates concerns over competition with food uses. In 2008 a global food crisis hit the world in the midst of a record-high commodity and energy prices that prompted hunger and political unrest in developing countries. This took place at the same time when biofuel production, reached its pinnacle in developed countries. This paper examines the effect that biofuel prices and or production has had on food prices in Brazil and United States (U.S.) by employing the panel cointegration and Dynamic Ordinary Least Squares (DOLS) method of analysis. In regressing food prices as a function of demand and supply factors, such as oil prices, biofuel pr...
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