Biotechnology and Economic Development: The Economic Benefits of Maize Streak Virus Tolerant Maize in Kenya
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For countries that could not benefit from the Green Revolution due to heterogeneous and unfavorable biophysical environments, agricultural biotechnology potentially provides a means of improving the quality and quantity of agricultural production. This paper analyses some of the major issues relating to the utilization of biotechnology in Kenya. A partial equilibrium trade model is applied to Kenya's corn market to study the potential of genetically modified maize that is tolerant to the Maize Streak Virus. The model accounts for home production and consumption; the positive results of the welfare estimation are disaggregated between consumers, large and small Kenyan corn farms.