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Market Structure And Innovation Intensity In Agricultural Biotech

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  • Schimmelpfennig, David E.
  • Pray, Carl E.
  • Brennan, Margaret F.

Abstract

Consolidations and spin-offs in the agricultural biotechnology industry and the growing links of multinational corporations with the food and feed industry have been the subject of considerable discussion among academics, policy makers, consumers, and farmers. Most of the research by academic and overnment institutions has focused on the reasons for consolidation. Little theoretical or empirical research has examined the impact of this consolidation. We adapt an endogenous growth model of industry structure and R&D to agricultural biotechnology and empirically estimate the model. These empirical estimates, the main focus of the paper, indicate that industry consolidation influences the amount and direction of research, which then feeds back to influence industry structure.

Suggested Citation

  • Schimmelpfennig, David E. & Pray, Carl E. & Brennan, Margaret F., 2000. "Market Structure And Innovation Intensity In Agricultural Biotech," 2000 Annual meeting, July 30-August 2, Tampa, FL 21753, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea00:21753
    DOI: 10.22004/ag.econ.21753
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    References listed on IDEAS

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    1. Richard Levin & Peter C. Reiss, 1984. "Tests of a Schumpeterian Model of R&D and Market Structure," NBER Chapters, in: R&D, Patents, and Productivity, pages 175-208, National Bureau of Economic Research, Inc.
    2. Universities-National Bureau Committee for Economic Research & Committee on Economic Growth of the Social Science Research Council, 1962. "The Rate and Direction of Inventive Activity: Economic and Social Factors," NBER Books, National Bureau of Economic Research, Inc, number univ62-1.
    3. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
    4. Dasgupta, Partha & Stiglitz, Joseph, 1980. "Industrial Structure and the Nature of Innovative Activity," Economic Journal, Royal Economic Society, vol. 90(358), pages 266-293, June.
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