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Production Risk, Farmer Welfare, and Bt Corn in the Philippines

dc.contributor.authorSanglestsawai, Santi
dc.contributor.authorRodriguez, Divina Gracia
dc.contributor.authorRejesus, Roderick M.
dc.contributor.authorYorobe, Jose M. Jr.
dc.date.accessioned2018-06-28T11:26:00Z
dc.date.available2018-06-28T11:26:00Z
dc.date.created2017-10-02T10:57:05Z
dc.date.issued2017-12
dc.identifier.citationAgricultural and Resource Economics Review. 2017, 46 (3), 507-528.nb_NO
dc.identifier.issn1068-2805
dc.identifier.urihttp://hdl.handle.net/11250/2503581
dc.description.abstractWe determine the production risk effects and welfare implications of single-trait Bt corn adoption in the Philippines. We use a stochastic production function estimation approach that allows for examining the skewness effects of Bt within a damage abatement specification. Our results indicate that Bt corn has a statistically significant yield increasing, risk-increasing (i.e., variance-increasing) and downside risk-reducing (i.e., skewness-increasing) effects. Based on risk premium, certainty equivalent, and loss probability welfare measures, Bt corn farmers in the Philippines are better-off (in absolute terms) relative to non-Bt farmers given Bt corn's dominant yield increasing effect and downside risk-reducing effect.nb_NO
dc.description.abstractProduction Risk, Farmer Welfare, and Bt Corn in the Philippinesnb_NO
dc.language.isoengnb_NO
dc.publisherCambridge University Pressnb_NO
dc.relation.urihttps://doi.org/10.1017/age.2017.1
dc.rightsNavngivelse 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/deed.no*
dc.subjectBt cornnb_NO
dc.subjectJEL Classification: Q12, Q1nb_NO
dc.subjectdamage abatementnb_NO
dc.subjectdownside risknb_NO
dc.subjectGM cropnb_NO
dc.subjectproduction risknb_NO
dc.subjectskewnessnb_NO
dc.subjectstochastic production functionnb_NO
dc.titleProduction Risk, Farmer Welfare, and Bt Corn in the Philippinesnb_NO
dc.typeJournal articlenb_NO
dc.typePeer reviewednb_NO
dc.description.versionpublishedVersionnb_NO
dc.rights.holder© The Author(s) 2017nb_NO
dc.source.pagenumber507-528nb_NO
dc.source.volume46nb_NO
dc.source.journalAgricultural and Resource Economics Reviewnb_NO
dc.source.issue3nb_NO
dc.identifier.doi10.1017/age.2017.1
dc.identifier.cristin1501313
cristin.ispublishedtrue
cristin.fulltextoriginal
cristin.qualitycode1


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