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The Returns To Agricultural Research In Maine: The Case Of A Small Northeastern Experiment Station

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Author Info
Leiby, James D.
Adams, Gregory D.
Abstract

Estimates of the marginal internal rate of return to expenditures for research by the Maine Agricultural Experiment Station are presented. Estimates are performed using ridge regression under an array of specifications, including alternative functional forms, lag structures, costs of public funds, and variable specifications. The results are consistent with many previous results that imply an underinvestment in agricultural research.

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File URL: http://purl.umn.edu/28816
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Publisher Info
Article provided by Northeastern Agricultural and Resource Economics Association in its journal Northeastern Journal of Agricultural and Resource Economics.

Volume (Year): 20 (1991)
Issue (Month): 1 (April)
Pages:
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Handle: RePEc:ags:nejare:28816

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Keywords: Research and Development/Tech Change/Emerging Technologies;

References listed on IDEAS
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  1. Norton, George W. & Coffey, Joseph D. & Frye, E. Berrier, 1984. "Estimating Returns To Agricultural Research, Extension, And Teaching At The State Level," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(01), July. [Downloadable!]
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  1. Alston, Julian M. & Pardey, Philip G. & Ruttan, Vernon W., 2008. "Research Lags Revisited: Concepts and Evidence from U.S. Agriculture," Staff Papers 50091, University of Minnesota, Department of Applied Economics. [Downloadable!]
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This page was last updated on 2009-12-26.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.