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The paper aims at empirical evaluation of the impact of R&D expenditures on the bioeconomy innovativeness. The research is based on the cross-sectional analyses of correlation and regression between the value of biotech R&D expenditures and the number of biotech patents granted in the EU countries. In particular, the study attempts to assess a relative effectiveness of R&D expenditures in public and business sectors. The data for the analysis were extracted from the OECD Statistical Database and Eurostat Database covering the period 2009-2014. Given the availability of data the examined sample covers 11 countries. The results indicate a positive and statistically significant impact of biotech R&D expenditures on bioeconomy innovativeness in the pooled sample of countries and suggest a higher effectiveness of private sources of funding.
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The report published by the GMO Group of the European Academies Science Advisory Council “Planting the Future: opportunities and challenges for using crop genetic improvement technologies for sustainable agriculture” presents the current state of art on genetically modified plants. It discusses a number of aspects of agrobiotechnology, such as legal, social or economic, including the EU policy towards new economies.
Biotechnology has potential to enhance the production of agricultural and industrial products for achieving food security and economic development. In agriculture, biotechnology enhances the production of high yielding and disease resistance crops necessary for achieving food security and industrial development. This paper examines the constraints in the application of biotechnology research to the production of cassava in Nigeria. The study utilized primary data collected through questionnaire administration and interview from three research institutions working on cassava biotechnology in Nigeria. Findings showed that weak infrastructural facilities, poor funding, inadequate competent personnel and absence of appropriate legislation are the constraints in the application of biotechnology to cassava production in Nigeria. In addition, one out of the three research institutions has adequate and regular electricity supply through its own captive power plant while the remaining two research institutions relied more on electricity from the national grid. Inadequate funding and shortage of competent personnel were peculiar challenge confronting all the research institutions covered by the study. The study recommends improvement in electricity supply, production of more biotechnology scientists and adequate funding to enhance biotechnology research in Nigeria.
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