Biotechnology and the Development of Food Markets: Retrospect and Prospects

Posted: 27 Oct 2008

See all articles by GianCarlo Moschini

GianCarlo Moschini

Iowa State University - Department of Economics

Date Written: September 2008

Abstract

Biotechnology has had an important impact on the agricultural and food industries over the last 12 years by way of fast and extensive adoption of a few genetically modified (GM) crops. This has produced large efficiency gains, including higher yields and reduced costs of weed and pest control, as well as some environmental benefits. The expected development of crops with additional agronomic traits, and with output traits to improve the nutrition and health attributes of food products, holds the potential for even more pervasive impacts. Full realisation of such promises may require overcoming the constraining effects of restrictive GM product regulations.

Keywords: biotechnology, genetically modified products, innovation, regulation, research and development, Q16, Q18, O33, L51

Suggested Citation

Moschini, GianCarlo, Biotechnology and the Development of Food Markets: Retrospect and Prospects (September 2008). European Review of Agricultural Economics, Vol. 35, No. 3, pp. 331-355, 2008, Available at SSRN: https://ssrn.com/abstract=1289121 or http://dx.doi.org/jbn014

GianCarlo Moschini (Contact Author)

Iowa State University - Department of Economics ( email )

260 Heady Hall
Ames, IA 50011
United States

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