S-Space Graduate School of International Studies (국제대학원) Dept. of International Studies (국제학과) Theses (Master's Degree_국제학과)
Determinants of Biofuel Trade and Its Political Influence : 바이오연료무역 결정요인과 그 정치적 영향
The Cases of Brazil and Colombia
- Issue Date
- 서울대학교 대학원
- 학위논문 (석사)-- 서울대학교 대학원 : 국제학과(국제통상전공), 2012. 2. 김종섭.
- The boom of biofuels, in particular bioethanol for transportation purposes, has
created a unique opportunity for the Latin American (LA) rural sector.
On the commercial aspect, this paper presents pooled data regressions for the global
trade of ethanol based on the research of Salamon, Von Ledebur and Klepper (2006).
The results indicate that global bilateral trade flows of ethanol can be explained by a set
of variables like oil prices, energy and size of the economy and in some cases the LA
integration variables according to the trade flow (import/export).
On the public policy perspective, the focus of this paper was on the limits of
government intervention to develop the biofuel industry through two case studies:
Brazil and Colombia. Their different backgrounds evidence how the development of
bioethanol industry is possible either for a medium country that is just starting such as
Colombia, as well as for more experienced countries like Brazil.
In terms of the limits of government intervention, there is no clear classification of
biofuels under the current trading system within the WTO regime.
For all this, the contribution of this article is not only constrained to the analysis of
successful cases in the biofuel industry but it also provides a new powerful tool for
governments to trace their own path though the new and controversial world of biofuel
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