General Interest Article
Biotechnology, Economics of Biotechnology, Technology
The potential economic impact of biotechnology in production agriculture is discussed. There are challenges and difficulties in completing economic research when little production information is available on biotechnologies. I argue that little impact differences exist between cost-reducing versus output-increasing technological change. Rapid technological change results in low average returns in agriculture but continuous early innovators earn higher returns. Various plant and animal technologies are presented and discussed.
Journal of the Iowa Academy of Science
© Copyright 1988 by the Iowa Academy of Science, Inc.
Tauer, Loren W.
"Economic Changes From the Use of Biotechnology In Production Agriculture,"
Journal of the Iowa Academy of Science: JIAS: Vol. 95:
, Article 11.
Available at: http://scholarworks.uni.edu/jias/vol95/iss1/11