Technical Efficiency Effects of Technological Change: Another Perspective on GM Crops

Robert Weaver, Jarmila Curtiss and Bernhard Brümmer

No 24528, 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark from European Association of Agricultural Economists

Abstract: An important approach to reducing persistent technical inefficiency is through technical change. This paper considers the case of genetically modified crop production. A stochastic frontier approach is used to examine how a drastic change from non-GM to GM technology effects the position of the production frontier as well as the extent and nature of technical inefficiency. A one-step method is applied to consider firm-level effects on technical inefficiency. Using soybean production from the U.S. we find that GM technology improves productivity and reduces technical inefficiency though these effects vary across farm characteristics.

Keywords: Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 14
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae05:24528

DOI: 10.22004/ag.econ.24528

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