Journal Article

Biotechnology and the development of food markets: retrospect and prospects

GianCarlo Moschini

in European Review of Agricultural Economics

Volume 35, issue 3, pages 331-355
Published in print September 2008 | ISSN: 0165-1587
Published online September 2008 | e-ISSN: 1464-3618 | DOI: https://dx.doi.org/10.1093/erae/jbn014
Biotechnology and the development of food markets: retrospect and prospects

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  • Technological Change; Research and Development
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Summary

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

Journal Article.  10563 words. 

Subjects: Technological Change; Research and Development ; Regulation and Industrial Policy ; Agricultural Economics

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