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| Author: | Gaston, C. Globerman, S. Vertinksy, I. |
| Title: | Biotechnology in forestry: technological and economic perspectives |
| Journal: | Technological Forecasting and Social Change
1995 : SEP, VOL. 50:1, p. 79-92 |
| Index terms: | BIO-TECHNOLOGY FORESTRY INDUSTRY ECONOMICS |
| Language: | eng |
| Abstract: | This paper provides an assessment of the state of the art and future prospects of biotechnology application in forestry. In particular it examines the influence of (1) derived demand for research and development (R&D), (2) the nature of R&D suppliers and their motives, and (3) the regulatory system on rates of innovation of biotechnology ion forestry. The paper identifies areas of "market failure" caused by policy-related uncertainty, tenuous land ownership structure, long intergenerational horizons and the public nature of many of the goods and services produced by the forest. |
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