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- Title
Spatial Competition and Ethanol Plant Location Decisions.
- Authors
Sarmiento, Camilo; Wilson, William W.; Dahl, Bruce
- Abstract
ABSTRACT Ethanol is one of the fastest growing industries in the United States. This study estimates factors that impact location decisions for new ethanol plants using logistic regression analysis and spatial correlation techniques. The results indicate that location decisions are impacted by county agricultural characteristics, competing ethanol plants, and state-level subsidies. Spatial competition is particularly important. Existence of competing ethanol plants reduces the likelihood of making a positive location decision, and this impact decreases with distance. Finally, state-level subsidies are significant and a very important variable impacting ethanol location decisions. [JEL Classification: C13, C21, C25, C35, Q42]
- Subjects
UNITED States; ETHANOL; ETHANOL fuel industry; LOGISTIC regression analysis; AGRICULTURAL subsidies; INDUSTRIES
- Publication
Agribusiness, 2012, Vol 28, Issue 3, p260
- ISSN
0742-4477
- Publication type
Article
- DOI
10.1002/agr.21296