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2009 Conference (53rd), February 11-13, 2009, Cairns, Australia >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/48191
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| Title: | GM technology and the Australian canola |
| Authors: | Taing, William
Ahmadi-Esfahani, Fredoun Z. |
| Authors (Email): | Taing, William (wtai7327@mail.usyd.edu.au) |
| Keywords: | canola market
genetically modified crops
segregation
welfare. |
| 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. |
| URI: | http://purl.umn.edu/48191 |
| 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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