ESTIMATING THE COST OF FOOD SAFETY REGULATION TO THE NEW ZEALAND SEAFOOD INDUSTRY

In New Zealand, the Animal Products Act 1999 requires all animal product processing businesses to have a HACCP-based risk management program by the end of 2002. This paper attempts to measure the effects of such regulation on the variable cost of production of the New Zealand seafood industry. Using the framework developed by Antle (2000), a model of quality-adjusted translog cost function is estimated using census of production data from 1929 to 1998. Our results show that variable costs could increase from 2% to 22% or from 2 cents to 19 cents per kilogram.


Issue Date:
2003-02
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/57840
Total Pages:
12




 Record created 2017-04-01, last modified 2017-04-26

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