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The economics of agricultural biotechnology: Historical and analytical framework
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The economics of agricultural biotechnology: Historical and analytical framework
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Description
Title
The
economics
of
agricultural
biotechnology
:
Historical
and
analytical
framework
Authors
Demont M
Tollens E
Year
1999
DOI/WEB/URL
http://purl.umn.edu/31845
Link to Full-text
http://www.agr.kuleuven.ac.be/aee/clo/wp/demont1999b.pdf
Keywords
Agbiotech
Agricultural biotechnology
Crop biotech
Developed countries
Genetically modified crops
GM crops
Industrialized countries
Review findings
Citation
Demont, M., and E. Tollens. 1999. The economics of agricultural biotechnology: Historical and analytical framework. Working Paper 53. Leuven, Belgium: Department of Agricultural and Environmental Economics, Katholieke Universiteit Leuven.
Abstract
In this
working
paper
we
attempt
to
establish
a
general
analytical
framework
for the
calculation
of the
micro-
and
macroeconomic
benefits
and
costs
of
biotechnology
applications
in
EU
agriculture
.
Since
these
innovative
applications
are
typically
protected
by
intellectual
property
rights
,
standard
welfare
analyses
will
overestimate
total
benefits
generated
by these
innovations
. On the
other
hand
, this
doesn't
mean
that
innovators
are
extracting
all
of the
benefits
. A
recent
ex-post
welfare
analysis
on US
Bt-cotton
shows
that
farmers
have
captured
the
largest
share
of
benefits
(Falck-
Zepeda
,
Traxler
and
Nelson
,
1999)
.
Due
to the
importance
of
intellectual
property
rights
and the
consolidation
of the
agr
icultural
input
industry
, the
framework
presented
by
Moschini
and
Lapan
(1997)
seems
to be the
most
adequate
model
as it
takes
into
account
these
elements
.
Pub Place
Leuven
,
Belgium
Publisher
Department
of
Agricultural
and
Environmental
Economics
,
Katholieke
Universiteit
Leuven
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