NBER

Roger A. Aliaga-Diaz

The Vanguard Group
P.O. Box 2600, MS V37
Valley Forge, PA 19482-2600

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: The Vanguard Group

NBER Working Papers and Publications

October 2008Is Sugar Sweeter at the Pump? The Macroeconomic Impact of Brazil's Alternative Energy Program
with Marc D. Weidenmier, Joseph H. Davis: w14362
The recent world energy crisis raises serious questions about the extent to which the United States should increase domestic oil production and develop alternative sources of energy. We examine the energy developments in Brazil as an important experiment. Brazil has reduced its share of imported oil more than any other major economy in the world in the last 30 years, from 70 percent in the 1970s to only 10 percent today. Brazil has largely achieved this goal by: (1) increasing domestic oil production and (2) developing one of the world's largest and most competitive sources of renewable energy -- sugarcane ethanol -- that now accounts for 50 percent of Brazil's total gasoline consumption. A counterfactual analysis of economic growth in Brazil from 1980-2008 suggests that GDP is almost 35 p...

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