GM technology and the Australian canola

William Taing and Fredoun Z. Ahmadi-Esfahani

No 48191, 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia from Australian Agricultural and Resource Economics Society

Abstract: In this paper, we use a simulation model to measure the potential market and welfare effects of recently introduced genetically modified (GM) canola in Australia. The short-run results indicate that non-GM canola may emerge as a niche product commanding a premium. In the long run, GM technology appears to enhance aggregate welfare. However, when production cost savings are trivial and consumers become highly concerned about GM food products, aggregate welfare may decline. The policy implications of the analysis are explored.

Pages: 25
Date: 2009
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aare09:48191

DOI: 10.22004/ag.econ.48191

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