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Economic Analysis of Biotechnology Research

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  • Perrin, Richard K.

Abstract

The potential role for economics in biotechnology research does not differ from the role of economics in examining research in general. There is a substantial literature on that topic. Hans Binswanger has posed four questions that an economic analysis of technical change should address. These questions provide a useful roadmap for thinking about the role of economics in biotechnology research.

Suggested Citation

  • Perrin, Richard K., 1990. "Economic Analysis of Biotechnology Research," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(1), pages 73-76, July.
    • Handle: RePEc:cup:jagaec:v:22:y:1990:i:01:p:73-76_00
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    References listed on IDEAS

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    1. Milligan, Robert & Lesser, William H. & Magrath, William B. & Tauer, Loren & Bauman, Dale, 1985. "Biotechnology and Dairy Industry: Production costs, Commercial Potential, and the Economic Impact of the Bovine Growth Hormone," Research Bulletins 183730, Cornell University, Department of Applied Economics and Management.
    2. Zvi Griliches, 1958. "Research Costs and Social Returns: Hybrid Corn and Related Innovations," Journal of Political Economy, University of Chicago Press, vol. 66(5), pages 419-419.
    3. Davis, Jeffrey S. & Oram, Peter A. & Ryan, James G., 1987. "Assessment of Agricultural Research Priorities: An International Perspective," Monographs, Australian Centre for International Agricultural Research, number 118048.
    4. George W. Norton & Jeffrey S. Davis, 1981. "Evaluating Returns to Agricultural Research: A Review," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(4), pages 685-699.
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