2021
DOI: 10.1016/bs.hesagr.2021.10.001
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The economics of agricultural innovation

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Cited by 24 publications
(23 citation statements)
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“…Limitations on their public and market acceptance have prevented genetic engineering technologies from realizing their full market potential, and concerns have been raised that other new breeding technologies, such as gene editing, may face similar barriers and suffer similar consequences [4,8]. Indeed, Lusk, Roosen, and Bieberstein [9] argue that opposition to genetically engineered foods has spilled over to affect the adoption of other breeding technologies in agriculture worldwide.…”
Section: Introductionmentioning
confidence: 99%
“…Limitations on their public and market acceptance have prevented genetic engineering technologies from realizing their full market potential, and concerns have been raised that other new breeding technologies, such as gene editing, may face similar barriers and suffer similar consequences [4,8]. Indeed, Lusk, Roosen, and Bieberstein [9] argue that opposition to genetically engineered foods has spilled over to affect the adoption of other breeding technologies in agriculture worldwide.…”
Section: Introductionmentioning
confidence: 99%
“…society by doing more agricultural R&D, compared with investment opportunities normally available to them. Alston et al (2020, p. vi) argued that the totality of the considerable evidence on the size and nature of the payoffs, and the potential for future payoffs (see, e.g., Alston and Pardey, 2021) "… supports at least a doubling of the overall investment in agricultural R&D performed both in national and international agencies." Our results support a 2-to 5-fold increase in (public) R&D to mitigate fungal wheat pathogens, which at face value also implies placing a greater emphasis on reducing the risks associated with crop pests within the expanded portfolio of wheat research.…”
Section: Discussionmentioning
confidence: 99%
“…Other important investment questions involve who should pay for this increase in R&D funding, and how. Alston and Pardey ( 1996 and 2021 ) review many of the economic issues involved in these types of decisions, but from a global perspective, the bottom line is that the entire world’s wheat crop is highly vulnerable to these fungal diseases, so all the world’s wheat producers and consumers share in the benefits from dealing with these diseases. Thus, irrespective of whether the research is performed by national or international agencies, the funding is generating wheat innovations that have global collective value.…”
Section: Discussionmentioning
confidence: 99%
“…The second scenario ("Technical progress") simulates a varietal improvement that would compensate for the productivity gap between legumes and wheat (Magrini et al 2016) through investment in research, at least initially driven by public authorities. As pointed out by Alston & Pardey (2021), it is not easy to determine the research and development expenditure needed to obtain a given varietal improvement; therefore, the costs associated with this scenario are omitted from our computations and, as mentioned in the introduction, no normative analysis is conducted. We assume that this varietal improvement would lead, all else being equal, to an increase in yield per hectare of 25% for peas/faba beans/soya and 12.5% for fodder.…”
Section: Definition Of Scenariosmentioning
confidence: 99%