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GM technology and the Australian canola

Author

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  • Taing, William
  • Ahmadi-Esfahani, Fredoun Z.

Abstract

In this paper, we use a simulation model to measure the potential market and welfare effects of recently introduced genetically modified (GM) canola in Australia. The short-run results indicate that non-GM canola may emerge as a niche product commanding a premium. In the long run, GM technology appears to enhance aggregate welfare. However, when production cost savings are trivial and consumers become highly concerned about GM food products, aggregate welfare may decline. The policy implications of the analysis are explored.

Suggested Citation

  • Taing, William & Ahmadi-Esfahani, Fredoun Z., 2009. "GM technology and the Australian canola," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 48191, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare09:48191
    DOI: 10.22004/ag.econ.48191
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    References listed on IDEAS

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