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Welfare Analysis of Lifting the GM Ban in Russia

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  • Chetvertakov, S.

Abstract

Use of genetically modified crops is prohibited in Russia, however, Russian politicians are currently discussing this technology. This article evaluates the potential welfare effects of adopting genetically modified crops in Russia, focusing on the potential benefits to Russian producers who adopt herbicide tolerant corn and soybeans. Calculations are based on supply and demand functions of current market situations and their potential shifts. The results quantify the potential monetary gains from open markets to genetic engineering technology and explain the potential additional costs related to technology adoption.

Suggested Citation

  • Chetvertakov, S., 2016. "Welfare Analysis of Lifting the GM Ban in Russia," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 8(2), pages 1-8, June.
    • Handle: RePEc:ags:aolpei:241369
    DOI: 10.22004/ag.econ.241369
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    References listed on IDEAS

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    1. Giancarlo Moschini & Harvey Lapan & Andrei Sobolevsky, 2000. "Roundup ready® soybeans and welfare effects in the soybean complex," Agribusiness, John Wiley & Sons, Ltd., vol. 16(1), pages 33-55.
    2. Stone, Susan F. & Matysek, Anna & Dolling, Andrew, 2002. "Modelling Possible Impacts of GM Crops on Australian Trade," Staff Research Papers 31913, Productivity Commission.
    3. Vandenberg, Jennifer M. & Fulton, Joan R. & Dooley, Frank J. & Preckel, Paul V., 2000. "Impact of Identity Preservation of Non-GMO Crops on the Grain Market System," CAFRI: Current Agriculture, Food and Resource Issues, Canadian Agricultural Economics Society, issue 1, pages 1-8, May.
    4. Bansal, Sangeeta & Gruère, Guillaume, 2010. "Labeling genetically modified food in India: Economic consequences in four marketing channels," IFPRI discussion papers 946, International Food Policy Research Institute (IFPRI).
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