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Document Type

General Interest Article

Keywords

Biotechnology, Economics of Biotechnology, Technology

Abstract

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.

Publication Date

March 1988

Journal Title

Journal of the Iowa Academy of Science

Volume

95

Issue

1

First Page

27

Last Page

31

Copyright

© Copyright 1988 by the Iowa Academy of Science, Inc.

Language

EN

File Format

application/pdf