Domestic Regulatory Approval Costs

Stuart J. Smyth (), William Kerr and Peter W. B. Phillips
Additional contact information
Stuart J. Smyth: University of Saskatchewan
Peter W. B. Phillips: University of Saskatchewan

Chapter Chapter 3 in Biotechnology Regulation and Trade, 2017, pp 33-53 from Springer

Abstract: Abstract Concerns over the effects on human and animal health from consumption of genetically modified food crops, as well as about any potential impacts on the wider environment, have divided public opinion over the merits of using the technology. One consequence is that governments have, for the most part, been very cautious about approving GM crops for cultivation and consumption. A concomitant effect is that the costs involved (and time spent) in achieving regulatory approval for the introduction of a GM crop have risen. This chapter examines the evidence on the absolute and relative costs of gaining regulatory compliance within countries. A range of studies show that there are significant costs of gaining regulatory compliance—product attributes, market context and technical aspects of measurement all have significant effects on the estimated costs of regulatory approval.

Keywords: Genetically Modify; Opportunity Cost; Genetically Modify Crop; Regulatory Approval; Regulatory Compliance (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:nrmchp:978-3-319-53295-0_3

Ordering information: This item can be ordered from
http://www.springer.com/9783319532950

DOI: 10.1007/978-3-319-53295-0_3

Access Statistics for this chapter

More chapters in Natural Resource Management and Policy from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().