Genetic improvements in major US crops: the size and distribution of benefits
| dc.creator | Frisvold, George B. | |
| dc.creator | Sullivan, John | |
| dc.creator | Raneses, Anton | |
| dc.date | 2017-04-01T17:34:15Z | |
| dc.date.accessioned | 2026-07-09T08:14:00Z | |
| dc.description | The distribution of welfare gains of genetic improvements in major US crops is estimated using a world agricultural trade model. Multi-market welfare estimates were 75% larger than estimates based on the price-exogenous 'change in revenue' method frequently used by plant breeders. Annual benefits of these genetic improvements range from US$ 400-600 million depending on the supply shift specification. Of this, 44-60% accrues to the US, 24-34% accrues to other developed countries. Developing and transitional economies capture 16-22% of the welfare gain. The global benefits of a one-time permanent increase in US yields are US$ 8.1 billion (discounted at 10%) and US$ 15.4 billion (discounted at 5%). Gains to consumers in developing and transitional economies range from US$ 6.1 billion ( 10% discount rate) to US$ 11.6 billion (5% discount rate). © 2002 Elsevier Science B.V. All rights reserved. | |
| dc.identifier | doi:10.22004/ag.econ.177876 | |
| dc.identifier | https://ageconsearch.umn.edu/record/177876/files/agec2003v028i002a004.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/177876 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/596917 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/177876 | |
| dc.title | Genetic improvements in major US crops: the size and distribution of benefits | |
| dc.type | Text |