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GTAP Resource #1284

"The Potential Impacts of Genetically Modified (GM) Crop Varieties on Taiwan's Economy"
by Wu, Chia-Hsuan, Kuo-Jung Lin, Ching-Cheng Chang and Shih-Hsun Hsu

The use of genetic engineering techniques in agriculture allegedly provides farmers with a range of agronomic benefits, mainly in terms of increased productivity and hence lower costs to consumers. But people are concerned about the environmental impact of widespread cultivation of GM crops and the safety of foods containing Genetically Modified Organisms (GMOs). This paper explores the potential impacts on Taiwan¡¦s economy of the GM crop varieties of maize and soybeans, Taiwan's major agricultural imports. Taiwan General Equilibrium Model (TAIGEM) is amended by splitting the maize and soybeans sectors into GM and non-GM varieties, thereby allowing for a choice between the two in production and consumption. TAIGEM is a multisectoral, computable general equilibrium (CGE) model of the Taiwan's economy, derived from the Australian ORANI model and the MONASH model. In the paper an assessment of the impact that consumers' changing attitude toward GMO's might have on livestock, meat and dairy, vegetable oils and fats, and other processed food sector will be emphasized. Moreover, a comparison with those projection results from Taiwan Agricultural Sector Model (TASM), a partial equilibrium model, is provided.

Resource Details (Export Citation) GTAP Keywords
Category: 2003 Conference Paper
Status: Published
By/In: Presented at the 6th Annual Conference on Global Economic Analysis, The Hague, The Netherlands
Date: 2003
Version: 1
Created: Hsu, S. (4/30/2003)
Updated: Bacou, M. (5/14/2003)
Visits: 2,681
- Agricultural policies
- Asia (East)

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