Are there multiple bubbles in the ethanol-gasoline price ratio of Brazil?

El Montasser, Ghassen; Gupta, Rangan; Martins, Andre Luis; Wanke, Peter

dc.contributor.author	El Montasser, Ghassen
dc.contributor.author	Gupta, Rangan
dc.contributor.author	Martins, Andre Luis
dc.contributor.author	Wanke, Peter
dc.date.accessioned	2015-09-04T06:22:42Z
dc.date.available	2015-09-04T06:22:42Z
dc.date.issued	2015-08
dc.description.abstract	This paper tests for the existence of bubbles in the ethanol–gasoline price ratio in Brazil from 2000 to 2012 using right-tailed ADF tests. Results suggest the existence of two bubbles: one which has already burst (during the re-election of President Lula); and one which has been ongoing since 2010, thus corroborating empirical and anecdotal evidence in the Brazilian sugarcane industry. Freezing gasoline prices not only depressed ethanol prices but also depressed investments in new sugarcane crops and distillation plants.	en_ZA
dc.description.embargo	2016-08-31	en_ZA
dc.description.librarian	hb2015	en_ZA
dc.description.uri	http://www.elsevier.com/locate/rser	en_ZA
dc.identifier.citation	El Montasser, G, Gupta, R, Martins, AL & Wanke, P 2015, 'Are there multiple bubbles in the ethanol-gasoline price ratio of Brazil?', Renewable and Sustainable Energy Reviews, vol. 52, pp. 19-23.	en_ZA
dc.identifier.issn	1364-0321 (print)
dc.identifier.issn	1879-0690 (online)
dc.identifier.other	10.1016/j.rser.2015.07.085
dc.identifier.uri	http://hdl.handle.net/2263/49704
dc.language.iso	en	en_ZA
dc.publisher	Elsevier	en_ZA
dc.rights	© 2015 Elsevier Ltd. All rights reserved. Notice : this is the author’s version of a work that was accepted for publication in Renewable and Sustainable Energy Reviews . Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Renewable and Sustainable Energy Reviews, vol. 52, pp. 19-23, 2015. doi : 10.1016/j.rser.2015.07.085.	en_ZA
dc.subject	Brazil	en_ZA
dc.subject	Bubbles	en_ZA
dc.subject	Ethanol–gasoline price-ratio	en_ZA
dc.subject	Right-tailed ADFtests	en_ZA
dc.title	Are there multiple bubbles in the ethanol-gasoline price ratio of Brazil?	en_ZA
dc.type	Postprint Article	en_ZA