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Title: GM technology and the Australian canola
Authors: Taing, William
Ahmadi-Esfahani, Fredoun Z.
Authors (Email): Taing, William (
Keywords: canola market
genetically modified crops
Issue Date: 2009
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.
Institution/Association: Australian Agricultural and Resource Economics Society>2009 Conference (53rd), February 11-13, 2009, Cairns, Australia
Total Pages: 25
Collections:2009 Conference (53rd), February 11-13, 2009, Cairns, Australia

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