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Public Research Yields High Returns... Measured in More Than Dollars

Author

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  • Heisey, Paul W.
  • King, John L.
  • Day-Rubenstein, Kelly A.

Abstract

Well-established quantitative approaches find that in the aggregate, public investments in agricultural research yield high returns and spur growth in agricultural productivity. Standard economic approaches may be difficult to apply to evaluations of some research benefits and may not help in gauging important steps necessary to positive research outcomes. In these more difficult cases, economic reasoning can provide qualitative analysis even when quantitative estimates of benefits are intractable.

Suggested Citation

  • Heisey, Paul W. & King, John L. & Day-Rubenstein, Kelly A., 2011. "Public Research Yields High Returns... Measured in More Than Dollars," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, pages 1-6.
    • Handle: RePEc:ags:uersaw:121098
    DOI: 10.22004/ag.econ.121098
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    Community/Rural/Urban Development;

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