Biofuel-related price transmission literature: A review

In this article, an extensive review of the rapidly growing biofuel-related time-series literature is carried out. The data used, the modeling techniques and the main findings of this literature are discussed. Providing a review of this flourishing research area is relevant as a guidepost for future research. This literature concludes that energy prices drive long-run agricultural price levels and that instability in energy markets is transferred to food markets.

► We review the biofuel-related time-series literature. ► We discuss data used, modeling techniques and the main findings of previous research. ► We identify research gaps and raise suggestions for future research.