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Cattle Improvement Schemes In South Africa: Measuring The Returns To Research Investments

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  • Mokoena, M.R.
  • Townsend, R.F.
  • Kirsten, J.F.

Abstract

The rates of returns (RORs) to investments in cattle production research programs were estimated using the Akino-Hayami index-number approach. The RORs to investments in the dairy and beef cattle improvement schemes from 1970 to 1996 were estimated to be 51% and 44% respectively. A simple Benefit-Cost model was used to test the robustness of these results. The estimates derived from this method corroborate the previous result for the dairy scheme while the return to the beef scheme reduced to 29%. The estimated returns from these schemes are higher than the returns from aggregate livestock research, which provides some information for decisions on research funding allocations. Given the nature of this research, future cost recovery measures should be pursued with an increasing share of private sector investment.

Suggested Citation

  • Mokoena, M.R. & Townsend, R.F. & Kirsten, J.F., 1999. "Cattle Improvement Schemes In South Africa: Measuring The Returns To Research Investments," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 38(1).
    • Handle: RePEc:ags:agreko:245960
    DOI: 10.22004/ag.econ.245960
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    References listed on IDEAS

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    1. Mohamed M. Ahmed & William A. Masters & John H. Sanders, 1995. "Returns from research in economies with policy distortions: hybrid sorghum in Sudan," Agricultural Economics, International Association of Agricultural Economists, vol. 12(2), pages 183-192, April.
    2. Masakatsu Akino & Yujiro Hayami, 1975. "Efficiency and Equity in Public Research: Rice Breeding in Japan's Economic Development: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 734-735.
    3. McKenzie, C. C. & Nieuwoudt, W. L., 1985. "Estimation Of Demand And Supply Functions For Fresh And Industrial Milk In South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 24(2), October.
    4. Masakatsu Akino & Yujiro Hayami, 1975. "Efficiency and Equity in Public Research: Rice Breeding in Japan's Economic Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(1), pages 1-10.
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