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Chapter 9 Biotechnology and Biofuel

In: Genetically Modified Food and Global Welfare

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  • Steven E. Sexton
  • David Zilberman

Abstract

Purpose – To identify how agricultural biotechnology addresses the two challenges facing agriculture: to feed a world growing to 9 billion people by 2050 and to provide a liquid fuel alternative to petroleum. Design –This chapter relies on econometric modeling, a review of existing literature, and diagrammatic modeling to articulate the impact of agricultural biotechnology on food and energy markets. Findings –Agricultural biotechnology reduces the tension between food security and biofuel production. It reduces volatility in food and fuel markets and can mitigate risk to biofuel processors. Originality – The analysis is original although it relies on previous research to some extent. The analysis is compared to and contrasted with related work.

Suggested Citation

  • Steven E. Sexton & David Zilberman, 2011. "Chapter 9 Biotechnology and Biofuel," Frontiers of Economics and Globalization, in: Genetically Modified Food and Global Welfare, pages 225-242, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:fegzzz:s1574-8715(2011)0000010014
    DOI: 10.1108/S1574-8715(2011)0000010014
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    Keywords

    Biofuel;

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