UNCERTAINTIES OF ESTIMATING THE WELFARE EFFECTS OF AGRICULTURAL BIOTECHNOLOGY IN THE EUROPEAN UNION

Matty Demont () and Eric Tollens

No 31828, Working Papers from Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics

Abstract: In literature, impact estimates of agricultural biotechnology vary strongly according to the region, the crop, the year, the scale, and the methodology of the study. Therefore, this paper provides a methodological background for analysing, interpreting, and comparing these estimates. All possible uncertainties entailed in the estimation procedure are reviewed as well as a methodology to incorporate them into a stochastic simulation model. This procedure can be used to assess the welfare effects of agricultural biotechnology in the European Union.

Keywords: Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Date: 2001
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Persistent link: http://EconPapers.repec.org/RePEc:ags:kucawp:31828

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