Will EU biofuel policies affect global agricultural markets?
用可计算一般均衡模型评估欧盟生物燃料指令对全球农业的影响，发现该指令会提高生物燃料作物需求、增加土地利用，并可能逆转农产品实际价格的长期下降趋势。
This article assesses the implications of the EU Biofuels Directive (BFD) using a computable general equilibrium framework with endogenous land supply. The results show that, without policy intervention to stimulate the use of biofuel crops, the targets of the BFD will not be met. With the BFD, the enhanced demand for biofuel crops has a strong impact on agriculture globally and within Europe, leading to an increase in land use. On the other hand, the long-term declining trend in real agricultural prices may slow down or even reverse. Oxford University Press and Foundation for the European Review of Agricultural Economics 2008; all rights reserved. For permissions, please email journals.permissions@oxfordjournals.org, Oxford University Press.