2014
DOI: 10.1017/s1355770x1300065x
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The economic power of the Golden Rice opposition

Abstract: ABSTRACT. Vitamin A enriched rice (Golden Rice) is a cost-efficient solution that can substantially reduce health costs. Despite Golden Rice being available since early 2000, this rice has not been introduced in any country. Governments must perceive additional costs that overcompensate the benefits of the technology to explain the delay in approval. We develop a real option model including irreversibility and uncertainty about perceived costs and arrival of new information to explain a delay in approval. The … Show more

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Cited by 113 publications
(77 citation statements)
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“…In Europe, the lack of public support for GMOs has led to a de facto moratorium within the EU on new GM crops from 1999 to 2004 and has steered the development of an extremely strict and expensive regulatory framework concerning the import and cultivation of GM crops [5]. In Africa and Asia, the resistance to GMOs has had tragic consequences, costing thousands of lives [6,7].…”
Section: Explaining Public Opposition To Gmosmentioning
confidence: 99%
“…In Europe, the lack of public support for GMOs has led to a de facto moratorium within the EU on new GM crops from 1999 to 2004 and has steered the development of an extremely strict and expensive regulatory framework concerning the import and cultivation of GM crops [5]. In Africa and Asia, the resistance to GMOs has had tragic consequences, costing thousands of lives [6,7].…”
Section: Explaining Public Opposition To Gmosmentioning
confidence: 99%
“…A meta‐analysis by Klümper and Qaim () shows that ‘the average agronomic and economic benefits of genetically modified crops are large and significant’. Second‐generation GE crops such as micronutrient enriched food crops are expected to improve the health, life‐expectancy and welfare of especially impoverished consumers (Wesseler and Zilberman, ; De Steur et al ., ).…”
Section: Introductionmentioning
confidence: 97%
“…Undue delay in India to making Golden Rice available has cost the Indian economy $199 m per year for a decade [56][57][58].…”
Section: Economicsmentioning
confidence: 99%