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Nonparametric Analysis Of Attitudes Toward Risky Crops: A Plant Molecular Farming Case Study

Author

Listed:
  • Veeman, Michele M.
  • Volinskiy, Dmitriy
  • Adamowicz, Wiktor L.

Abstract

Research on plant molecular farming (PMF) is supported by public and private sectors in Canada. This may lead to benefits of new or cheaper medicines, industrial products and foods, but also be the source of appreciable risks to food safety from contamination by PMF materials, as well as potential environmental risks and costs. This study uses data from a 2005 nation-wide Canadian survey to gain insights into citizens’ perceptions of PMF benefits and risks. A series of nonparametric tests are conducted on ordinal survey data on risk and benefit assessments of respondents. PMF is not seen as a major threat to food safety or the environment, but as a moderate indirect risk. The use of PMF to produce better and cheaper medical drugs appears to have the best benefits-to-risks ratio, while using PMF to produce more nutritious and cheaper food has the least favorable ratio.

Suggested Citation

  • Veeman, Michele M. & Volinskiy, Dmitriy & Adamowicz, Wiktor L., 2009. "Nonparametric Analysis Of Attitudes Toward Risky Crops: A Plant Molecular Farming Case Study," 2009 Conference, August 16-22, 2009, Beijing, China 51652, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae09:51652
    DOI: 10.22004/ag.econ.51652
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    References listed on IDEAS

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    1. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    2. Szekely, Gábor J. & Rizzo, Maria L., 2005. "A new test for multivariate normality," Journal of Multivariate Analysis, Elsevier, vol. 93(1), pages 58-80, March.
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    1. Veeman, Michele & Adamowicz, Wiktor, 2009. "Canadian Consumers’ Assessments of Potential Risks and Benefits of Plant Molecular Farming and Potential Food Industry Implications," Consumer and Market Demand Network Papers 310298, University of Alberta, Department of Resource Economics and Environmental Sociology.

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