A Critical Assessment of Methods for Analysis of Social Welfare Impacts of Genetically Modified Crops: a Literature Survey

S. Scatasta, J.H.H. Wesseler, M. Demont

Research output: Working paperAcademic

Abstract

This paper is a review of existing literature on economic and environmental costs and benefits of genetically modified (GM) crops focusing on methodological issues arising from this literature. Particular attention is given to the production function framework commonly used to quantify costs and benefits of GM crops at the farm level and to equilibrium displacement models used to quantify impacts of GM crops on social welfare. Methods are discussed with respect to their sensitivity to specific parameter values and key areas are identified for further research.
Original languageEnglish
Place of PublicationWageningen
PublisherMansholt Graduate School
Number of pages50
Publication statusPublished - 2006

Publication series

NameDiscussion Paper / Mansholt Graduate School
PublisherMansholt Graduate School
No.27

Keywords

  • cost benefit analysis
  • economic analysis
  • social welfare
  • environmental impact
  • economic impact
  • genetic engineering
  • crops
  • transgenic plants
  • environmental economics

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    Scatasta, S., Wesseler, J. H. H., & Demont, M. (2006). A Critical Assessment of Methods for Analysis of Social Welfare Impacts of Genetically Modified Crops: a Literature Survey. (Discussion Paper / Mansholt Graduate School; No. 27). Mansholt Graduate School. https://edepot.wur.nl/30256