A Neutraceutical Industry: Policy Implications for Future DirectionsReport as inadecuate




A Neutraceutical Industry: Policy Implications for Future Directions - Download this document for free, or read online. Document in PDF available to download.

nutraceuticals, functional food industry, research and development

Additional contributors:

Subject-Keyword: nutraceuticals functional food industry research and development

Type of item: Report

Language: English

Place: Canada, Alberta

Time:

Description: The formation of new industries is an important economic phenomenon, and a driving force that propels industrial development and heralds economic growth. It is important to understand the fundamentals of new industry development in order to understand how industries start and grow. This is the main purpose of this review: In this paper, we seek to clarify the economic process of industry growth, in particular the growth of new industries or economic sectors in order to understand how the industries emerge, to assess whether substantial differences exist between infant and mature industries, and to delineate leading factors determining the performance of new industries. The purpose is to provide information on which to base industrial policy. This project is structured as follows: Part I: Growth and Development of New Industries, Part II: Growth and Development of Research Parks. Part I includes a literature review and theoretical study of infant industries, and presents models of infant industry development in terms of the effects of a new entrant on the price, cost and output of the industry. This sections discusses factors related to the development of new industry, including economies of scale, learning-by-doing, research and development, and spillovers. Empirical studies of infant industries are reviewed. A range of issues are reviewed but particular attention is given to research and development RandD, spillovers, human resource development, and the roles of Research Universities in providing training and inducing industrial RandD. The main results of the theoretical and empirical discussions are then applied to policy implications for new industry development. Alberta has been identified as having good potential to develop new industries and business clusters in energy and mining, forest products and agriculture and food. The development of value-added agri-food and fibre products has attracted interest from both industries and government, and has been viewed as a new opportunity for boosting economic growth. The Government of Alberta has undertakan a value-added initiative and the University of Alberta has established a research centre for nutraceuticals and functional foods. Policy applications to Alberta value-added agri-food industries are identified. Part II reviews the literature on research parks and their role in infant industry development. Then a case study of the development of Innovation Place Research Park, a research park, is presented. Innovation Place has focussed primarily but not exclusively on agricultural technology and it is located near the University of Saskatchewan.

Date created: 1998

DOI: doi:10.7939-R3N29P765

License information: Creative Commons Attribution-Non-Commercial-No Derivatives 3.0 Unported

Rights:





Author: Unterschultz, Jim Lerohl, Mel Peng, Yanning Gurung, Rajendra Kumar

Source: https://era.library.ualberta.ca/


Teaser



RURAL ECONOMY A Nutraceutical Industry: Policy Implications for Future Directions J.R.
Unterschultz, M.L.
Lerohl, Y.
Peng and R.K.
Gurung Project Report 98-02 AARI Project #970747 Project Report Department of Rural Economy Faculty of Agriculture & Forestry, and Home Economics University of Alberta Edmonton, Canada A Nutraceutical Industry: Policy Implications for Future Directions J.R.
Unterschultz, M.L.
Lerohl, Y.
Peng and R.K.
Gurung Project Report 98-02 AARI Project #970747 J.
Unterschultz, M.
Lerohl and R.
Gurung are Assistant Professor, Professor and graduate student respectively in the Department of Rural Economy.
Y.
Peng, former research associate in Rural Economy, is with Alberta Agriculture Food and Rural Development. J.
Novak, Novak Consulting, collected and compiled the interview results on Innovation Place reported in this study. Executive Summary The development of any new industry faces a number of barriers.
The interest in developing a nutraceutical-functional food industry in Alberta needs to focus on a range of issues associated with the ability to develop the financing, management and knowledge base to permit the development of such an industry.
Others, however, have developed new industries where none existed before, and the purpose of this case study is to a) improve understanding of the process of developing a new industry, and b) attempt to draw lessons from the experience of new industry development elsewhere. This study presents a review of literature concerning the development of new industry, and focuses on the roles best performed by public and private agencies in fostering new industries, particularly associated with the agriculture and agri-food sector.
Main conclusions are that primary elements of infant industry development are • Learning-by-doing, • R&D, and • innovation and spillovers. Proprietary learning is fundamental for gaining experience and reducing production cost, but learning spillovers exist across all the i...





Related documents