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The economic power of the Golden Rice opposition

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  • Wesseler, Justus
  • Zilberman, David

Abstract

Vitamin A enriched rice (Golden Rice) is a cost-efficient solution that can substantially reduce health costs. Despite Golden Rice being available since early 2000, this rice has not been introduced in any country. Governments must perceive additional costs that overcompensate the benefits of the technology to explain the delay in approval. We develop a real option model including irreversibility and uncertainty about perceived costs and arrival of new information to explain a delay in approval. The model has been applied to the case of India. Results show the annual perceived costs have to be at least US$199 million per year approximately for the last decade to explain the delay in approval of the technology. This is an indicator of the economic power of the opposition towards Golden Rice resulting in about 1.4 million life years lost over the past decade in India.

Suggested Citation

  • Wesseler, Justus & Zilberman, David, 2014. "The economic power of the Golden Rice opposition," Environment and Development Economics, Cambridge University Press, vol. 19(6), pages 724-742, December.
    • Handle: RePEc:cup:endeec:v:19:y:2014:i:06:p:724-742_00
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    Cited by:

    1. Matin Qaim, 2020. "Role of New Plant Breeding Technologies for Food Security and Sustainable Agricultural Development," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(2), pages 129-150, June.
    2. Wenjing Zhang & Jianhong Xue & Henk Folmer & Khadim Hussain, 2019. "Perceived Risk of Genetically Modified Foods Among Residents in Xi’an, China: A Structural Equation Modeling Approach," IJERPH, MDPI, vol. 16(4), pages 1-12, February.
    3. Lanjiao Wen & Lioudmila Chatalova, 2021. "Will Transaction Costs and Economies of Scale Tip the Balance in Farm Size in Industrial Agriculture? An Illustration for Non-Food Biomass Production in Germany," Sustainability, MDPI, vol. 13(2), pages 1-18, January.
    4. Rundgren, Gunnar, . "Jayson Lusk, 2016, Unnaturally delicious: how science and technology are serving up super foods to save the world," Review of Agricultural, Food and Environmental Studies, Institut National de la Recherche Agronomique (INRA), vol. 98(1/2).
    5. Falck-Zepeda, Jose & Smyth, Stuart J. & Ludlow, Karinne, 2016. "Zen and the Art of Attaining Conceptual and Implementation Clarity: Socio-economic Considerations, Biosafety and Decision-making," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 17(2), pages 1-20, December.
    6. Lee, Yunkyung, 2021. "Potential market and welfare effects of genetically edited technology in U.S. soybean production," 2021 Annual Meeting, August 1-3, Austin, Texas 314058, Agricultural and Applied Economics Association.
    7. Lee, Yunkyung & Perrin, Richard K. & Fulginiti, Lilyan E., 2022. "Potential Economic Impacts of Gene-edited High-oleic Soybeans," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322392, Agricultural and Applied Economics Association.
    8. Itamar Megiddo & Dusan Drabik & Tim Bedford & Alec Morton & Justus Wesseler & Ramanan Laxminarayan, 2019. "Investing in antibiotics to alleviate future catastrophic outcomes: What is the value of having an effective antibiotic to mitigate pandemic influenza?," Health Economics, John Wiley & Sons, Ltd., vol. 28(4), pages 556-571, April.
    9. Richard D. Smart & Matthias Blum & Justus Wesseler, 2017. "Trends in Approval Times for Genetically Engineered Crops in the United States and the European Union," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(1), pages 182-198, February.
    10. Smart, Richard D. & Blum, Matthias & Wesseler, Justus, 2015. "EU Member States’ Voting for Authorizing Genetically Engineered Crops: a Regulatory Gridlock," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 64(04), December.
    11. Richard Danvers Smart & Matthias Blum & Justus Wesseler, 2016. "Trends in Genetically Engineered Crops' Approval Times in the United States and the European Union," Economics Working Papers 16-03, Queen's Management School, Queen's University Belfast.
    12. Valerie Kilders & Vincenzina Caputo, 2021. "Is Animal Welfare Promoting Hornless Cattle? Assessing Consumer’s Valuation for Milk from Gene‐edited Cows under Different Information Regimes," Journal of Agricultural Economics, Wiley Blackwell, vol. 72(3), pages 735-759, September.
    13. Wen, Lanjiao & Chatalova, Lioudmila, 2021. "Will transaction costs and economies of scale tip the balance in farm size in industrial agriculture? An illustration for non-food biomass production in Germany," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 13(2).
    14. Wesseler, Justus, 2014. "Biotechnologies and agrifood strategies: opportunities, threats and economic implications," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 3(3), pages 1-18, December.
    15. Vincent Smith & Justus H. H. Wesseler & David Zilberman, 2021. "New Plant Breeding Technologies: An Assessment of the Political Economy of the Regulatory Environment and Implications for Sustainability," Sustainability, MDPI, vol. 13(7), pages 1-18, March.
    16. Tosun, Jale & Schaub, Simon, 2015. "To mobilize or not: political attention and the regulation of GMOs," GMCC-15: Seventh GMCC, November 17-20, 2015, Amsterdam, the Netherlands 211493, International Conference on Coexistence between Genetically Modified (GM) and non-GM based Agricultural Supply Chains (GMCC).
    17. Eduardo Trigo & Hugo Chavarria & Carl Pray & Stuart J. Smyth & Agustin Torroba & Justus Wesseler & David Zilberman & Juan Martinez, 2023. "The Bioeconomy and Food Systems Transformation," Sustainability, MDPI, vol. 15(7), pages 1-12, March.

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