@article{Hsu:331194,
      recid = {331194},
      author = {Hsu, Shih-Hsun and Chang, Ching-Cheng and Wu, Chia-Hsuan},
      title = {An Economy-wide Analysis of GM Food Labeling Policies in  Taiwan},
      address = {2004},
      pages = {18},
      year = {2004},
      note = {Presented at the 7th Annual Conference on Global Economic  Analysis, Washington DC, USA},
      abstract = {The development of agricultural biotechnology offers the  opportunity to increase crop production, lowers farming  costs, improves food quality and could reduce costs to  consumers. Until now Taiwan haven’t commercialized any  genetically modified (GM) crops. However, Taiwan imports a  large amount of grain products for human consumption and  animal feed processing from the world market annually. The  import quantities as well as prices will be affected  through world market as the production technology of GM  crops is adopted by the exporting countries. Many sectors  have been affected by the use of these crops through  vertical (or backward) and horizontal (or forward)  linkages. This paper offers a quantitative assessment of  the economic impacts of importing GM crops on Taiwan’s  economy. A multi-sectoral computable general equilibrium  model is used. This model is amended by splitting corn and  soybeans into GM and non-GM varieties. It also endogenizes  the decision of producers and consumers to use GM vs.  non-GM corn and soybeans in their intermediate uses and  consumption, respectively. The choice between GM and non-GM  varieties is determined by a CES function. We also consider  the consumers’ acceptance of GM food so that the mandatory  labeling policy can be examined. Our simulation results  indicate that the most extreme import ban on GM crops would  be very costly in terms of total production values, ranging  from NT$ 40 to 90 billions per year.},
      url = {http://ageconsearch.umn.edu/record/331194},
}