摘要：Consolidations and spin-offs in the agricultural biotechnology industry andthe growing links of multinational corporations with the food and feed industry has beenthe subject of considerable discussion among academics, policy makers, consumers, andfarmers. Most of the research by academic and government institutions has focused onthe reasons for consolidation. Little theoretical or empirical research has examined theimpact of this consolidation. We adapt an endogenous growth model of industrystructure and R&D to agricultural biotechnology and empirically estimate the model.These empirical estimates, the main focus of the paper, indicate that industryconsolidation influences the amount and direction of research, which then feeds back toinfluence industry structure.
关键词：Industrial organization and market structure in agricultural biotechnology;simultaneous econometric model estimates of impacts of R&D
