Zhao, L.; Liu, S.; Gu, H.; Ahlstrom, D. Risk Amplification, Risk Preference and Acceptance of Transgenic Technology. Agriculture2023, 13, 1871.
Zhao, L.; Liu, S.; Gu, H.; Ahlstrom, D. Risk Amplification, Risk Preference and Acceptance of Transgenic Technology. Agriculture 2023, 13, 1871.
Zhao, L.; Liu, S.; Gu, H.; Ahlstrom, D. Risk Amplification, Risk Preference and Acceptance of Transgenic Technology. Agriculture2023, 13, 1871.
Zhao, L.; Liu, S.; Gu, H.; Ahlstrom, D. Risk Amplification, Risk Preference and Acceptance of Transgenic Technology. Agriculture 2023, 13, 1871.
Abstract
Consumer preference for products made from transgenic technology has been widely studied, yet few studies exist exploring the factors influencing producers’ adoption of transgenic technology. Based on field surveys in Chinese provinces of Shanxi, Henan and Shandong, we employed a gambling experiment to capture producers’ risk preferences by estimating their risk aversion coefficients. We further estimated producers’ risk amplification and risk perception of GM technology. Using ordered logit model and Poisson model we identified the major factors influencing producers’ adoption of transgenic technology. We found the factors impacted the decision of producers from different regions in different ways. The results showed that over 60% of participants amplified the risk of transgenic crops. When there was potential risk, producers might not be rational even if they had high level of knowledge and cognition about the technology. Our results shed light on government policies aiming to increase the adoption of new technologies by producers.
Keywords
Risk amplification effect; Risk preference; GM agricultural products; China
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
