GLOBAL IMPLICATIONS FROM A NORTH-NORTH-SOUTH TRADE MODEL: A BIOTECH REVOLUTION

Dave Weatherspoon (), James F. Oehmke, Christopher Wolf (), Anwar Naseem (), Mywish Maredia and Amie L. Hightower

No 11566, Staff Paper Series from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: The emergence of agricultural biotechnology and policy responses to is altering global agricultural trade patterns. This paper models the effects of restrictive policies concerning the production and consumption of genetically modified agricultural products. The model relies on a Hecksher-Ohlin-Samuelson framework, adapted to include neo-Schumpeterian research and innovation. The model includes two 'North' countries, the United States (US) and the European Union (EU), and the 'South'. The EU is represented as prohibiting the production and consumption of biotech products, but not restricting biotech research relative to NA. Model results include implications for economic growth, welfare, and trade patterns for the EU, US and S, given the restrictive biotech policies of the EU.

Keywords: International Relations/Trade; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 14
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ags:midasp:11566

DOI: 10.22004/ag.econ.11566

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