Huang, Jikun; Hu, Ruifa; van Meijl, Hans; Tongeren, … - International Association of Agricultural Economists - IAAE - 2003
China has made a major investment in biotechnology research. Genetically modified (GM) cotton is widely adopted and the …, our results indicate that the development of biotechnology has an important impact on China's production, trade and … welfare. Welfare gains far outweigh the public biotechnology research expenditures. Most gains occur inside China. Policy …