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The Effect Of Trust On Public Support For Biotechnology: Evidence From The U.S. Biotechnology Study, 1997-1998

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  • James, Harvey S., Jr.

Abstract

The purpose of this paper is to examine the extent to which trust directly affects public support for biotechnology, particularly in applications to food production and genetic modification of crop plants. Unlike previous research in which trust is assumed to be exogenous, this paper posits that trust is endogenously determined. An econometric model is developed that controls for the endogeneity of trust using instrumental variable and selection correction techniques. Using data from the U.S. Biotechnology Study, this study finds that the effect of trust on public support is substantially stronger than previous estimates.

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File URL: http://purl.umn.edu/26041
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Bibliographic Info

Paper provided by University of Missouri Columbia, Department of Agricultural Economics in its series Working Papers with number 26041.

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Date of creation: 2002
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Handle: RePEc:ags:umcowp:26041

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Postal: 200 Mumford Hall, Columbia, MO, 65211
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Web page: http://www.ssu.missouri.edu/agecon
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Keywords: Political Economy; Research and Development/Tech Change/Emerging Technologies;

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References

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  1. Harvey James, 2002. "The Trust Paradox: A Survey of Economic Inquiries Into the Nature of Trust and Trustworthiness," Microeconomics 0202001, EconWPA.
  2. James Jr., Harvey S., 2002. "The trust paradox: a survey of economic inquiries into the nature of trust and trustworthiness," Journal of Economic Behavior & Organization, Elsevier, vol. 47(3), pages 291-307, March.
  3. anonymous, 1978. "Communication," Management Science, INFORMS, vol. 24(9), pages 919-919, May.
  4. Heckman, James J, 1979. "Sample Selection Bias as a Specification Error," Econometrica, Econometric Society, vol. 47(1), pages 153-61, January.
  5. Harvey James, 2002. "On the Reliability of Trusting," Microeconomics 0202002, EconWPA.
  6. Vella, Francis & Verbeek, Marno, 1999. "Estimating and Interpreting Models with Endogenous Treatment Effects," Journal of Business & Economic Statistics, American Statistical Association, vol. 17(4), pages 473-78, October.
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Cited by:
  1. James, Harvey S., Jr. & Sykuta, Michael E., 2004. "Farmer Trust In Agricultural Cooperatives: Evidence From Missouri Corn And Soybean Producers," 2004 Annual meeting, August 1-4, Denver, CO 19974, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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