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The Economic Impact Of Genetically Modified Organisms In Small Developing Countries

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Author Info
Hareau, Guy
Mills, Bradford F.
Norton, George W.
Bosch, Darrell
Abstract

The expected benefits from herbicide resistant transgenic rice in Uruguay are estimated with stochastic simulation techniques. Economic surplus methods that account for private profits are used to measure the magnitude and distribution of the benefits between producers and a multinational firm. Further, the adoption rate of transgenic rice is endogenous in the model and depends on the expected profitability of the technology. The results show that the potential benefits from the technology are relatively small because of the small production base. Multinational firms are, therefore, unlikely to develop locally adapted transgenic rice varieties without strategic partnerships with local institutions.

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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2002 Annual meeting, July 28-31, Long Beach, CA with number 19891.

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Date of creation: 2002
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Handle: RePEc:ags:aaea02:19891

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Keywords: Research and Development/Tech Change/Emerging Technologies;

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  1. Couvillion, Warren C. & Kari, Fatimah & Hudson, Darren & Allen, Albert, 2000. "A Preliminary Economic Assessment Of Roundup Ready Soybeans In Mississippi," Research reports 15783, Mississippi State University, Department of Agricultural Economics. [Downloadable!]
  2. Moschini, GianCarlo & Lapan, Harvey, 2002. "Intellectual Property Rights and the Welfare Effects of Agricultural R & D," Staff General Research Papers 5048, Iowa State University, Department of Economics.
  3. Hubbell, Bryan J & Marra, Michele C & Carlson, Gerald A, 2000. " Estimating the Demand for a New Technology: Bt Cotton and Insecticide Policies," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 82(1), pages 118-32, February. [Downloadable!] (restricted)
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This page was last updated on 2009-12-26.


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