Policy and Practice Reviews ARTICLE
Cost of Postponement of Bt Rice Commercialization in China
- 1Wageningen University & Research, Netherlands
We assess the cost of postponement of Bt rice commercialization in China between the years 2009 and 2019 by taking into account the external costs of pesticide use and potential technology spillovers of Bt rice. We estimate the cost of postponement of Bt rice in the analyzed period to be up to 12 billion US dollars per year. Our estimates can contribute to the societal debate on GM crops commercialization in China.
Keywords: Bt rice, cost of postponement, Real options, China, regulation
Received: 28 Jun 2019;
Accepted: 04 Sep 2019.
Copyright: © 2019 Jin, Drabik, Heerink and Wesseler. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) and the copyright owner(s) are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence: Prof. Justus Wesseler, Wageningen University & Research, Wageningen, Netherlands, firstname.lastname@example.org