GTAP Resources: Resource Display
| GTAP Resource #7883 |
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"Ex-Post Validation of Trade-Mediated Market Leakage: Evidence from US Ethanol Mandates and Implications for Global CGE Modeling" Authors: Villoria, Nelson B. and Yu Jisang Abstract Research Objectives: This study provides an ex-post assessment of the 2005 and 2007 US Renewable Fuel Standards (RFS) on US agricultural export competitiveness and market power in corn markets. We pursue two primary objectives: first, to perform a model validation exercise by examining the extent to which earlier projections of changes in US exports of corn, soybeans, and wheat deviate from observed outcomes. These projections are representative of the main economic modeling frameworks used for the assessment of the indirect land-use effects of biofuels: the Global Trade Analysis Project (GTAP-BIO) and the Food and Agricultural Policy Research Institute (FAPRI) models. Second, we quantify the extent to which the 2005–2007 RFS mandates altered the ability of the United States to compensate for the welfare losses of ethanol policy through transfers from foreign consumers, often referred to as terms-of-trade gains. |
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- Climate change policy - Domestic policy analysis |
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Public Access  GTAP Resource 7883 (255.2 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: 4/30/2026 12:56:16 PM
