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Prospects of Biofuel in the Transport Sector

Student: Shevchenko Anastasiya

Supervisor: Michael Sinitsyn

Faculty: Faculty of World Economy and International Affairs

Educational Programme: World Economy (Master)

Year of Graduation: 2020

In this thesis, there was investigated the relationship between prices for biofuels, fossil fuels, and agricultural raw materials by evaluating the vector error correction model, exogenous influential factors were also considered. The prospects of biofuels are determined by the economic and environmental characteristics of the country, such as environmental requirements, state support, energy independence of the country, competition in the fuel market, etc.

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