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The Returns From Research In Australian Broadacre Agriculture

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Author Info
Mullen, J.D.
Cox, T.L.
Abstract

Many people share the view that too little is invested in R & D in agriculture. The relationship between several measures of productivity and research expenditure was estimated using data from ABARE's surveys of broadacre industries and a new data series on R & D expenditure for the period 1953 to 1988. The internal rate of return to research was estimated to be in the range of 15 to 40 percent which does not provide strong evidence that Australia is either under- or over-investing in public research.

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File URL: http://purl.umn.edu/22399
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Publisher Info
Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

Volume (Year): 39 (1995)
Issue (Month): 02 (August)
Pages:
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ags:ajaeau:22399

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Postal: AARES Central Office Manager, APSEG, ANU, Canberra ACT 0200
Phone: (02) 6125 6564
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Web page: http://www.aares.info/
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Related research
Keywords: Research and Development/Tech Change/Emerging Technologies;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Mullen, J.D. & Alston, J.M. & Wohlgenant, M.K., 1989. "The Impact Of Farm And Processing Research On The Australian Wool Industry," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(01), April. [Downloadable!]
  2. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November. [Downloadable!] (restricted)
  3. Jean-Paul CHAVAS & Thomas L. COX, 1994. "A Primal-Dual Approach To Nonparametric Productivity Analysis: The Case Of U.S. Agriculture," Staff Papers 372, University of Wisconsin Madison, AAE. [Downloadable!]
    Other versions:
  4. Hastings, Trevor, 1981. "The Impact Of Scientific Research On Australian Rural Productivity," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(01), April. [Downloadable!]
  5. Scobie, G.M. & Mullen, J.D. & Alston, J.M., 1991. "The Returns To Investment In Research On Australian Wool Production," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(02), August. [Downloadable!]
  6. Evenson, Robert E & Kislev, Yoav, 1973. "Research and Productivity in Wheat and Maize," Journal of Political Economy, University of Chicago Press, vol. 81(6), pages 1309-29, Nov.-Dec.. [Downloadable!] (restricted)
  7. Michael Harris & Alan Lloyd, 1991. "The Returns to Agricultural Research and the Underinvestment Hypothesis - A Survey," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 24(3), pages 16-27. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Mounter, S.W. & Griffith, G.R. & Piggott, R.R. & Mullen, J.D., 2005. "The Relative Payoffs From R&D and Generic Advertising Expenditure by the Australian Pig Industry," Working Papers 12943, University of New England, School of Economics. [Downloadable!]
  2. Mullen, J.D. & Scobie, G.M. & Crean, J., 2006. "Trends in Research, Productivity Growth and Competitiveness in Agriculture in New Zealand and Australia," 2006 Conference, August 24-25, 2006, Nelson, New Zealand 31965, New Zealand Agricultural and Resource Economics Society. [Downloadable!]
  3. Thomas COX & John MULLEN & Wensheng HU, 1996. "Nonparametric Measures Of The Impacts Of Public Research Expenditures On Australian Broadacre Agriculture: Preliminary Results," Staff Papers 399, University of Wisconsin Madison, AAE. [Downloadable!]
  4. Mullen, J.D., 1996. "Why Economists and Scientists Find Cooperation Costly," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 64(02), August. [Downloadable!]
  5. Mullen, J.D. & Cox, T.L., 1996. "Measuring Productivity Growth In Australian Broadacre Agriculture," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 40(03), December. [Downloadable!]
  6. THOMAS COX & John Mullen & Wensheng Hu, 1996. "Nonparametric Measures of the Impacts of Public Research Expenditures on Australian Broadacre Agriculture: Preliminary Results," Wisconsin-Madison Agricultural and Applied Economics Staff Papers 399, Wisconsin-Madison Agricultural and Applied Economics Department. [Downloadable!]
  7. Julia Hall & Grant M Scobie, 2006. "The Role of R&D in Productivity Growth: The Case of Agriculture in New Zealand: 1927 to 2001," Treasury Working Paper Series 06/01, New Zealand Treasury. [Downloadable!]
  8. Zhao, Xueyan & Mullen, John & Griffith, Garry & Griffiths, W.E. & Piggott, R.R., 2000. "An Equilibrium Displacement Model of the Australian Beef Industry," Research Reports 28007, New South Wales Department of Primary Industries Research Economists. [Downloadable!]
  9. Binenbaum, Eran & Mullen, John & Wang, Chang Tao, 2008. "Has the Return on Australian Public Investment in Agricultural Research Changed?," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6016, Australian Agricultural and Resource Economics Society. [Downloadable!]
  10. X. Zhao & J.D. Mullen & G.R. Griffith & R.R. Piggott & W.E. Griffiths, 2002. "The Economic Incidence of R&D and Promotion Investments in the Australian Beef Industry," Monash Econometrics and Business Statistics Working Papers 16/02, Monash University, Department of Econometrics and Business Statistics. [Downloadable!]
  11. Griffith, Garry & Parnell, Peter & McKiernan, Bill, 2005. "The Economic, Environmental and Social Benefits to NSW from Investment in the CRC for Beef Genetics Technologies," Research Reports 42654, New South Wales Department of Primary Industries Research Economists. [Downloadable!]
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