publication . Other literature type . Article . 1986

THE ECONOMIC IMPACT OF BGH ON THE NEW YORK STATE DAIRY SECTOR: COMPARATIVE STATIC RESULTS

Magrath, William B.; Tauer, Loren W.; Magrath, William B.; Tauer, Loren W.;
English
  • Published: 01 Jan 1986
  • Publisher: Unknown
Abstract
<jats:p>The price and quantity effects of a forthcoming biotechnology product, bovine growth hormone (bGH), are explored in a simple partial equilibrium model. The model is based on previous theoretical work on technological change but is developed in terms of a sector output. A particular output curve is estimated using data from a random sample of New York State dairy farms. Information on the farm level production effects of bGH is used to shift the output curve and to solve for equilibrium levels of price and output. The model projects the bGH may lead to the exit of 5,400 New York dairy farms and a 20 percent reduction in herd size. Consumers will benefit f...
Subjects
free text keywords: Livestock Production/Industries,, Livestock Production/Industries, Technological change, Public economics, Economic impact analysis, Economics, Comparative statics, Partial equilibrium, Agricultural economics
18 references, page 1 of 2

Akino, Masakatsu and Yujiro Hayami. “Efficiency and Equity in Public Research: Rice Breeding in Japan's Economic Development. ” American Journal of Agricultural Economics 57(1975):1-10. [OpenAIRE]

Bauman, D. E., P. J. Eppard, M. J. DeGeeter and G. M. Lanza. “Responses of High Producing Dairy Cows to Long Term Treatment with Pituitary- and Recombinant-Somatotrophin. ” Journal of Dairy Science 68(1985):1352.

Binswanger, Hans P. “Income Distribution Effects of Technical Change: Some Analytic Issues. ” South East Asian Economic Review 1(1980):179-218.

Dahlgren, Roger A. “A Synthesis of Macroeconomic Duality Theory and Distributed Lag Modeling with Implications for U.S. Dairy Policy. ” North Central Journal of Agricultural Economics 7(1985):132-144.

George, P. S. and G. A. King. “Consumer Demand for Food Commodities in the United States with Projections for 1980.” Giannini Foundation Monograph 26, University of California, Division of Agricultural Sciences, March 1971.

Grisley, William and Kangethe W. Gitu. “The Production Structure of Pennsylvania Dairy Farms. ” Northeast Journal of Agricultural and Resource Economics 13(1984):245-253. [OpenAIRE]

Hayami, Yujiro and Robert W. Herdt. “Market Price Effects of New Rice Technology on Income Distribution” in International Rice Research Institute, Economic Consequences of the New Rice Technology (IRRI:Los Banes), 1978.

Hoque, Anwaml and Adesoji Adelaja. “Factor Demand and Return to Scale in Milk Production: Effects of Price, Substitution and Technology. ” Northeast Journal of Agricultural and Resource Economics 13(1984):238-244. [OpenAIRE]

Ippolito, Richard A. and Robert T. Masson. “The Social Cost of Government Regulation of Milk. ” Journal of Law and Economics 21(1978):33-65.

Kalter, Robert J. et al. “Biotechnology and the Dairy Industry: Production Costs and Commercial Potential of the Bovine Growth Hormone. ” Cornell Universit y, Dept. of Agricultural Economics, A. E. Res. 84-22, Ithaca, NY, December 1984.

Marshall, Alfred. Principles of Economics, 8th edition. New York: MacMillan, 1920.

Miller, W. L., J. A. Martial and J. D. Baxter, “Molecular Cloning of DNA Complementary to Bovine Growth Hormone mRNA. ” Journal of Biological Chemistry 255( 1980):7521-4.

New York State Department of Agriculture and Markets. New York Agricultural Statistics 1983. Albany, NY.

Novakovic, Andrew. “The Dairy Industry and Dairy Policy in 1985.” Cornell University, Dept. of Agricultural Economics, A.E. Ext. 85-3, Ithaca, NY.

Office of Technology Assessment. Technology, Pub[ic Policy, and the Changing Structure of American Agriculture: A Special Report for the 1985 Farm Bill. Washington, DC: U.S. Congress, 0TA-F-272, 1985.

18 references, page 1 of 2
Powered by OpenAIRE Research Graph
Any information missing or wrong?Report an Issue