Hostname: page-component-586b7cd67f-t7fkt Total loading time: 0 Render date: 2024-11-30T20:33:54.207Z Has data issue: false hasContentIssue false

Economic Analysis of Biotechnology Research

Published online by Cambridge University Press:  09 September 2016

Richard K. Perrin*
Affiliation:
Department of Economics and Business, North Carolina State University

Extract

The potential role for economics in biotechnology research does not differ from the role of economics in examining research in general. There is a substantial literature on that topic. Hans Binswanger has posed four questions that an economic analysis of technical change should address. These questions provide a useful roadmap for thinking about the role of economics in biotechnology research.

Type
Invited Papers and Discussions
Copyright
Copyright © Southern Agricultural Economics Association 1990

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Alston, J.M. Edwards, G.W., and , J.W.. “Market Distortions and Benefits from Research.Am. J. Agr. Econ., 70 (1988):281288.Google Scholar
Arndt, T.M. Dalrymple, D.G., and Ruttan, V.W., eds. Resource Allocation and Productivity in National and International Agricultural Research. Minneapolis, MN: University of Minnesota Press, 1977.Google Scholar
Arndt, T.M. and Ruttan, V.W.. “Valuing the Productivity of Agricultural Research: Problems and Issues.” In Resource Allocation and Productivity in National and International Agricultural Research, Arndt, T.M., Dalrymple, D.G., and Ruttan, V.W, eds., Minneapolis, MN: University of Minnesota Press, 1977.Google Scholar
Bernhart, K. and Perrin, R.. “On Predicting Supply Shifts from New Technology: Diethylstilbestrol.” (abstract) So. J. Agr. Econ., 21 (1989):190.Google Scholar
Binswanger, , Hans, . “Induced Technological Change: Evolution of Thought.” Chapter 2 In Induced Innovation: Technology, Institutions, and Development, Binswanger, H.P. and Ruttan, V.W., eds., Baltimore, MD: Johns Hopkins University Press, 1978.Google Scholar
Butler, L.J. and Marion, B.W. Impacts of Patent Protection in the U.S. Seed Industry and Public Plant Breeding. North Central Regional Research Bulletin No. 304, University of Wisconsin, Madison, 1985.Google Scholar
Davidson, B.R. and Martin, B.R.. “The Relationship Between Yields on Farms and in Experiments.” Aust. J. Agr. Econ. 9(1965): 129140.Google Scholar
Davis, J.S. Oram, P.A., and Ryan, J.G.. Assessment of Agricultural Research Priorities: An International Perspective. ACIAR Monograph No. 4, Australian Centre for International Agricultural Research, Canberra, 1987.Google Scholar
Evenson, R.E. and Binswanger, H.R. “Technology Transfer and Research Resource Allocation.” Chapter 4 In Induced Innovation: Technology, Institutions, and Development, Binswanger, H.R and Ruttan, V.W., eds., Baltimore, MD: Johns Hopkins University Press, 1978.Google Scholar
Griliches, Z.. “Hybrid Corn: an Exploration in the Economics of Technological Change.Econometrics, 25(1957):501522.CrossRefGoogle Scholar
Griliches, Z.. “Research Costs and Social Returns: Hybrid Corn and Related Innovations.J. Pol. Econ., 66 (1958):419431.Google Scholar
Kalter, R.J. Milligan, R., Lesser, W., Magrath, W., Tauer, L., and Bauman, D.. Biotechnology and the Dairy Industry: Production Costs, Commercial Potential and the Economic Impact of the Bovine Growth Hormone. Dep. Agr. Econ. A. E. Res. 85-20, Cornell University, Ithaca, NY, 1985.Google Scholar
Lemieux, CM., and Wohlgenant, M.K.. “Ex ante Evaluation of the Economic Impact of Agricultural Biotechnology: the Case of Porcine Somatotropin.Am. J. Agr. Econ., 71 (1989):903914.CrossRefGoogle Scholar
Norton, G.W. and Davis, J.S.. “Evaluating Returns to Agricultural Research: A Review.Am. J. Agr. Econ., 63 (1981):685699.CrossRefGoogle Scholar
Perrin, R.K.Property Rights, Biotechnology, and Technology Diffusion.” Paper presented at the USDA-ERS Conference on Public Policy and Productivity Growth, Washington, October, 1989.Google Scholar
Perrin, R.K. Hunnings, K.A., and Ihnen, L.A. “Some Effects of the Plant U.S. Variety Protection Act of 1970.” Economics Research Report No. 46, Department of Economics and Business N. State University, Raleigh, NC, 1983.Google Scholar
Peterson, W.L.. “Returns to Poultry Research in the United States.J. Farm Econ. 49 (1967):565669.Google Scholar
Schultz, T.W.Uneven Prospects for Gains from Agricultural Research Related to Economic Policy.” In Resource Allocation and Productivity in National and International Agricultural Research, Arndt, T.M., Dalrymple, D.G., and Ruttan, V.W., eds., Minneapolis, MN: University of Minnesota Press, 1977.Google Scholar