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Evaluating the Returns to Postharvest Research in the Florida Citrus-Processing Subsector

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  • H. A. Stranahan
  • J. S. Shonkwiler

Abstract

Widely used econometric techniques for evaluation of returns to research are often limited to macrolevel analysis because the data required are either unavailable or difficult to measure at the micro, or subsector, level. A translog cost function and corresponding share equations are estimated in order to measure the returns to postharvest Florida citrus-processing research. Estimation of this system also allows computation of input substitution elasticities and evaluation of the effects of research and development on an input's share in total cost. It is shown that expenditures allocated to citrus-processing research have a high rate of return.

Suggested Citation

  • H. A. Stranahan & J. S. Shonkwiler, 1986. "Evaluating the Returns to Postharvest Research in the Florida Citrus-Processing Subsector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(1), pages 88-94.
    • Handle: RePEc:oup:ajagec:v:68:y:1986:i:1:p:88-94.
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    File URL: http://hdl.handle.net/10.2307/1241652
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    Cited by:

    1. Emerson M. Babb, 1986. "Production and operations management," Agribusiness, John Wiley & Sons, Ltd., vol. 2(4), pages 421-429.
    2. Shumway, C. Richard, 1995. "Recent Duality Contributions In Production Economics," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(1), pages 1-17, July.
    3. Ito, Jyunichi, 1992. "Assessing Returns to R&D Expenditures on Post-War Japanese Agricultural Production," 1992 Occasional Paper Series No. 6 197728, International Association of Agricultural Economists.

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