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Link between R&D intensity and market concentration: analysis of Brazilian corn and soybean seed markets

Rivista di Economia Agraria

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Title Link between R&D intensity and market concentration: analysis of Brazilian corn and soybean seed markets
 
Creator Figueiredo Silva, Felipe; Department of Agricultural Economics, University of Nebraska – Lincoln
Braga, Marcelo Jose; Departamento de Economia Rural, Universidade Federal de Viçosa - UFV
Garcia, Joao Carlos; Empresa Brasileira de Pesquisa Agropecuária, EMBRAPA - Brazil
 
Subject market concentration; R&D; seeds markets
L130
 
Description Innovation in the Brazilian seed markets is one of the main driver of the Brazilian agricultural expansion during the last decades. However, these markets also experienced a market reconsolidation in the form of a market concentration. In this paper, we test the hypothesis that there is an inverse relationship between innovations and market structure at the seed market. We use a Generalized Method of Moments model applied to a theoretical framework that allowed us to determine the direction of this relationship. Our results suggested that this link depends on market characteristics, such as the introduction of genetically modified organisms (GMO). For corn (soybean), we find a positive (negative) relationship between these factors that has become negative (positive) in the period post-GMO introduction.
 
Publisher Firenze University Press
 
Contributor
 
Date 2018-11-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion


 
Format application/pdf
 
Identifier http://www.fupress.net/index.php/rea/article/view/24078
http://www.fupress.net/index.php/rea/article/download/24078/21659
10.13128/REA-24078
 
Source Rivista di Economia Agraria; Vol 73, No 2 (2018); 105-124
Italian Review of Agricultural Economics; Vol 73, No 2 (2018); 105-124
2281-1559
0035-6190
 
Language eng
 
Relation 10.13128/REA-24078
 
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