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The Resource The economic and performance impact of technology adoption, by Jereme J. Shryock

The economic and performance impact of technology adoption, by Jereme J. Shryock

Creator
Author
Contributor
Summary
Since first commercialized in 1996, biotech corn has experienced rapid adoption. By 2010 over 75% of the corn planted area in the United States, Canada, Argentina, Brazil, South Africa, and the Philippines was planted with biotech seed. These countries represent a significant presence in the global corn markets--averaging 53% of world production and 83% of world exports from 1996-2010. The purpose of this research is to evaluate the ex post global economic efficiencies generated from the commercialization of biotech corn in these six countries. This study only focuses on the quantifiable market benefits accruing to producers and consumer stakeholders. As such, this analysis does not include the benefits to the input market or the value of non-pecuniary benefits. Global economic efficiency is evaluated on: 1) the extent to which the adoption of biotech corn has impacted yields, and 2) the extent to which the adoption of biotech corn has impacted world production, price and distributional welfare. The extent to which biotech adoption has impacted corn yields is econometrically estimated via a model for technical inefficiency effects in a stochastic frontier production function for panel data. A partial equilibrium seven-region world model of the corn market calibrated to the 2000-2010 decade is developed to evaluate the ex post counterfactual world supply, demand and price impacts of biotech corn adoption. The cumulative 1996-2010 net global economic welfare gain realized from corn biotech adoption was $38.85 billion. Of this total, the largest share ($25.05 billion) went to U.S. corn consumers followed by U.S. producers ($7.13 billion). The cumulative economic welfare gained by all consumers was estimated at $77.97 billion. The adoption of biotech corn has significantly increased production efficiencies of adopting producers which has led to larger and cheaper food supplies for all consumers
Language
eng
Work
Publication
Extent
1 online resource (ix, 178 pages).
Note
  • "A Dissertation presented to the Faculty of the Graduate School at the University of Missouri-Columbia In Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy."
  • Dissertation Supervisors: Dr. Patrick Westhoff and Dr. Nicholas Kalaitzandonakes
  • Vita
Instance
Label
The economic and performance impact of technology adoption
Title
The economic and performance impact of technology adoption
Statement of responsibility
by Jereme J. Shryock
Creator
Contributor
Author
Thesis advisor
Subject
Genre
Language
eng
Summary
Since first commercialized in 1996, biotech corn has experienced rapid adoption. By 2010 over 75% of the corn planted area in the United States, Canada, Argentina, Brazil, South Africa, and the Philippines was planted with biotech seed. These countries represent a significant presence in the global corn markets--averaging 53% of world production and 83% of world exports from 1996-2010. The purpose of this research is to evaluate the ex post global economic efficiencies generated from the commercialization of biotech corn in these six countries. This study only focuses on the quantifiable market benefits accruing to producers and consumer stakeholders. As such, this analysis does not include the benefits to the input market or the value of non-pecuniary benefits. Global economic efficiency is evaluated on: 1) the extent to which the adoption of biotech corn has impacted yields, and 2) the extent to which the adoption of biotech corn has impacted world production, price and distributional welfare. The extent to which biotech adoption has impacted corn yields is econometrically estimated via a model for technical inefficiency effects in a stochastic frontier production function for panel data. A partial equilibrium seven-region world model of the corn market calibrated to the 2000-2010 decade is developed to evaluate the ex post counterfactual world supply, demand and price impacts of biotech corn adoption. The cumulative 1996-2010 net global economic welfare gain realized from corn biotech adoption was $38.85 billion. Of this total, the largest share ($25.05 billion) went to U.S. corn consumers followed by U.S. producers ($7.13 billion). The cumulative economic welfare gained by all consumers was estimated at $77.97 billion. The adoption of biotech corn has significantly increased production efficiencies of adopting producers which has led to larger and cheaper food supplies for all consumers
Cataloging source
MUU
http://library.link/vocab/creatorName
Shryock, Jereme J
Degree
Ph. D.
Dissertation note
Thesis
Dissertation year
2013.
Government publication
government publication of a state province territory dependency etc
Granting institution
University of Missouri--Columbia
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • theses
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
  • 1958-
  • 1960-
http://library.link/vocab/relatedWorkOrContributorName
  • Westhoff, Patrick C.
  • Kalaitzandonakes, Nicholas G.
http://library.link/vocab/subjectName
  • Corn
  • Corn
  • Biotechnology industries
Label
The economic and performance impact of technology adoption, by Jereme J. Shryock
Instantiates
Publication
Copyright
Note
  • "A Dissertation presented to the Faculty of the Graduate School at the University of Missouri-Columbia In Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy."
  • Dissertation Supervisors: Dr. Patrick Westhoff and Dr. Nicholas Kalaitzandonakes
  • Vita
Bibliography note
Includes bibliographical references (pages 168-177)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
870871609
Extent
1 online resource (ix, 178 pages).
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Specific material designation
remote
System control number
(OCoLC)870871609
Label
The economic and performance impact of technology adoption, by Jereme J. Shryock
Publication
Copyright
Note
  • "A Dissertation presented to the Faculty of the Graduate School at the University of Missouri-Columbia In Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy."
  • Dissertation Supervisors: Dr. Patrick Westhoff and Dr. Nicholas Kalaitzandonakes
  • Vita
Bibliography note
Includes bibliographical references (pages 168-177)
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
870871609
Extent
1 online resource (ix, 178 pages).
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Specific material designation
remote
System control number
(OCoLC)870871609

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