0433525 20240103204842.420141023235959.9 000335661100017 84899911637 10.1002/bbb.1464 12 s. P cav_un_epca*03275681932-104X83 (2014)362-373 biofuels price transmission non-linearity elasticity cav_un_auth*0256902 Krištoufek Ladislav Ekonometrie Department of Econometrics E E UTIA-B Department of Econometrics 34 Ústav teorie informace a automatizace AV ČR, v. v. i. cav_un_auth*0014874 Janda K. CZ 33 cav_un_auth*0284408 Zilberman D. US 33 http://library.utia.cas.cz/separaty/2014/E/kristoufek-0433525.pdf GAP402/11/0948 GA ČR CZ cav_un_auth*0284442 For the biofuel markets and related commodities, we study their price transmission, which is in fact equivalent to studying price cross-elasticities. Importantly, we focus on the price dependence of the non-linear price transmission mechanism. We discuss several methodological caveats. Specifically, we combine the memory robust feasible generalized least squares estimation with two-stage least squares to control for endogenity bias and inconsistency. We find that both ethanol and biodiesel prices are responsive to their production factors (ethanol to corn, and biodiesel to German diesel). The strength of transmission between both significant pairs increased remarkably during the food crisis of 2007/2008. 2015 AH 3 4 A 4a 20231122140528.5 RVO:67985556 http://hdl.handle.net/11104/0237770 cav_un_auth*0308308 IES FSV UK Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague CZ cav_un_auth*0308313 UC Berkeley University of California, Berkeley US S BIOTECHNOLOGYAPPLIEDMICROBIOLOGY|ENERGYFUELS 1.446 1.735 Q1 88.509 84.952 Q1* Q2 2014 Soubory v repozitáři: kristoufek-0433525.pdf 84899911637 SCOPUS 000335661100017 WOS cav_un_epca*0327568 Biofuels Bioproducts & Biorefining-Biofpr 1932-104X 1932-1031 Roč. 8 č. 3 2014 362 373