Advanced Search
MyIDEAS: Login

A Price Index for Deflating State Agricultural Experiment Station Research Expenditures

Contents:

Author Info

  • Bengston, David N.
Registered author(s):

    Abstract

    The extent to which inflation has eroded the real purchasing power of public agricultural research budgets is poorly understood. Official Government research and development (R&D) statistics use the gross national product (GNP) deflator to express research expenditures in constant dollars, despite the serious shortcomings of such a broad indicator of inflation for deflating research expenditures. A State Agricultural Experiment Station (SAES) research price index is calculated in this paper and compared with the GNP deflator. The GNP deflator substantially underestimated the rate of inflation in SAES research in recent years mainly due to real growth in faculty compensation during the 1980's. The divergence between the SAES research price index calcuated in this study and the GNP deflator indicates that the purchasing power of SAES research is significantly less than estimates based on the GNP deflator would suggest.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://purl.umn.edu/138836
    Download Restriction: no

    Bibliographic Info

    Article provided by United States Department of Agriculture, Economic Research Service in its journal Journal of Agricultural Economics Research.

    Volume (Year): (1989)
    Issue (Month): 4 ()
    Pages:

    as in new window
    Handle: RePEc:ags:uersja:138836

    Contact details of provider:
    Postal: 1400 Independence Ave.,SW, Mail Stop 1800, Washington, DC 20250-1800
    Phone: 202-694-5050
    Fax: 202-694-5700
    Email:
    Web page: http://www.ers.usda.gov/
    More information through EDIRC

    Related research

    Keywords: price index; Laspeyres; State Agricultural Experiment Stations; research; GNP deflator; Research Methods/ Statistical Methods;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Esposti, Roberto & Pierani, Pierpaolo, 2002. "Public R&D Investment and Cost Behaviour in Italian Agriculture: 1960-1995," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24974, European Association of Agricultural Economists.
    2. Esposti, Roberto & Pierani, Pierpaolo, 2003. "Public R&D Investment From Private And Social Perspective. An Application To Italian Agriculture, 1960-1995," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25876, International Association of Agricultural Economists.
    3. Roberto ESPOSTI & Pierpaolo PIERANI, 2002. "Public R&D Investment and Cost Structure in Italian Agriculture 1960-1995," Working Papers 176, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ags:uersja:138836. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.