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Replication code for "Policy Shocks and Market-Based Regulations: Evidence from the Renewable Fuel Standard."

American Journal of Agricultural Economics

Gabriel E. Lade (glade@macalester.edu), C.-Y. Cynthia Lin Lawell (clinlawell@cornell.edu), and Aaron Smith (adsmith@ucdavis.edu)

The data needed for replication are contained in “dataSTATA\policy_shocks_ajae.dta”

Note: All RIN price data have been removed. The data are available to purchase from the Oil Price Information Service.

Replication Instructions:

All do-files are in the folder codeSTATA.

To replicate all empirical results:

  1. Designate user and directory in “0_runme.”
  2. Run lines 1-46 of “0_runme” to import data.
  3. Run “2a_sumstats” to create Figure 1, Figure 2, Table 2, and Table 4.
  4. Run “2b_mainregs_rins” to create Table 5 and Table 6.
  5. Run “2c_mainregs_commodities” to create Table 7 and Online Appendix Tables B.5 and B.6.
  6. Run “2d_mainregs_stocks” to create Table 8.
  7. Run “3a_robust_rins” to create Online Appendix Tables B.1, B.2, B.3, B.4, and B.8.

All figures will be saved in the folder figSTATA and all tables will be saved in the folder tablesSTATA.

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Replication code for "Policy Shocks and Market-Based Regulations: Evidence from the Renewable Fuel Standard."

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