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

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.

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Conference Paper/ Presentation
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JEL Codes:
D24; O33
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Contributed Paper

 Record created 2017-04-01, last modified 2019-08-26

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