Biotech--Who Wins? Economic Benefits and Costs of Biotechnology Innovations in Agriculture
AbstractThe conceptual model necessary for an assessment of biotechnology's economic benefits and costs is outlined, emphasizing the need to account for the proprietary nature of biotechnology innovations. The model is illustrated with an application to Roundup Ready soybeans. The estimated value of this innovation is sizeable, with consumers and innovators claiming the largest shares of net benefits. Also, disparities in intellectual property rights protection across countries affect the distribution of benefits. Consumer resistance toward GMOs and the issue of labelling and market segregation complicate the economic evaluation of biotechnology innovations; a number of related regulation and public policy issues are discussed. Emerging output-trait GMOs are potentially less controversial than some earlier GMOs and may bring more benefits to all participants in the agri-food sector, but this outcome depends crucially on the development of an effective, credible, and internationally harmonized regulatory system.
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Bibliographic InfoArticle provided by Estey Centre for Law and Economics in International Trade in its journal Estey Centre Journal of International Law and Trade Policy.
Volume (Year): 02 (2001)
Issue (Month): 1 ()
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biotechnology; genetically modified organisms; identity preservation; intellectual property rights; R&D; transgenic crops; welfare evaluation; Research and Development/Tech Change/Emerging Technologies;
Other versions of this item:
- Moschini, GianCarlo, 2001. "Biotech-Who Wins? Economic Benefits and Costs of Biotechnology Innovations in Agriculture," Staff General Research Papers 5125, Iowa State University, Department of Economics.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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