Applied Economics Journal

Applied Economics Journal

ISSN 0858-9291

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  • AEJ highlights the applications of concepts and theories to issues in micro- and macroeconomics
  • Double-blind peer review
  • Two issues a year (Jun, Dec)
  • Open access to all full-text content

Vol. 14 No. 2
Vol. 14 No. 2
Ex-ante Economic Evaluation of Transgenic Plants Adoption in Thailand (in Thai)

Orachos Napasintuwong, Ph.D. and Greg J. Traxler

The development of transgenic plants using biotechnology tools can improve the speed and the success rate of plant variety improvement. However, concerns over the impact of transgenic plants have led to great uncertainty and indecision about policies to support biotechnology. Since 2001, field trials have been banned and the use of transgenic plants for production, consumption, and commercialization has been prohibited, but this ban is currently being reconsidered. This study estimates what the economic impact of the adoption of GM papaya and Bt cotton would be if Thailand were to authorize the use of transgenic technology. The results showed that Bt-cotton farmers will benefit from improved yields and reduced cost even with higher seed costs. Benefits are larger for GM papaya producers even without cost reduction.

Keywords:   biotechnology, economic evaluation, transgenic plants

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Faculty of Economics Kasetsart University :  Center for Applied Economic Research (CAER) :  Other Journals :  Thai-Journal Citation Index Centre (TCI) (TCI)

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Kasersart University Journal of Economics
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