Energy price impact modelling in agriculture sector

Abstract

This paper surveys the voluminous literature on energy price impacts studies; both types of impacts and techniques used to estimate them are reviewed in detail. Different types of energy price impacts are classified into economic and non-economic (environmental) types. An analytical framework is developed to study these impacts in a systems framework. Based on this framework, a price endogenous programming (PENP) model of agriculture sector is suggested to be the best for the energy price impacts estimation in systems approach.