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What is the Value of Agricultural Economics Research?

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  • David E. Schimmelpfennig
  • George W. Norton

Abstract

The output of agricultural economics research is information, much of it aimed at designing or improving institutions. Bayesian decision theory and economic surplus analysis have been suggested as possible approaches to evaluate that information. This article takes a critical look at the strengths and weaknesses of combining those approaches for empirical evaluation of agricultural economics research. It presents three case studies, utilizing prior and posterior probabilities elicited from key decision makers. Direct application of the probabilities to a simple set of states and actions is best suited to situations involving a single policy-making center, or a consensus decision-making process. Copyright 2003, Oxford University Press.

Suggested Citation

  • David E. Schimmelpfennig & George W. Norton, 2003. "What is the Value of Agricultural Economics Research?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(1), pages 81-94.
    • Handle: RePEc:oup:ajagec:v:85:y:2003:i:1:p:81-94
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    File URL: http://hdl.handle.net/10.1111/1467-8276.00104
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    Citations

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    Cited by:

    1. Alwang, Jeffrey & Puhazhendhi, V., 2002. "The impact of the International Food Policy Research Institute's research program on rural finance policies for food security for the poor," Impact assessments 16, International Food Policy Research Institute (IFPRI).
    2. Kutschukian, Jean-Marc, 2008. "A Framework For The Economic Evaluation Of Environmental Science," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6026, Australian Agricultural and Resource Economics Society.
    3. Qin, Lin & Buccola, Steven T., 2012. "Econometric Assessment of Research Programs: A Bayesian Approach," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124948, Agricultural and Applied Economics Association.
    4. Thirtle, Colin G. & Piesse, Jenifer & Gouse, Marnus, 2005. "Agricultural technology, productivity and employment: Policies for poverty reduction," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 44(1), pages 1-23, March.
    5. Walker, Tom & Ryan, Jim & Kelley, Tim, 2010. "Impact Assessment of Policy-Oriented International Agricultural Research: Evidence and Insights from Case Studies," World Development, Elsevier, vol. 38(10), pages 1453-1461, October.
    6. Ryan, Jim, 2002. "Assessing the impact of food policy research: rice trade policies in Viet Nam," Food Policy, Elsevier, vol. 27(1), pages 1-29, February.
    7. Anderson, Kym, 2003. "Impact assessment of IFPRI's research and related activities based on economywide modeling," Impact assessments 21, International Food Policy Research Institute (IFPRI).
    8. Walker, T. & Friday, J. & Casimero, M. & Dollentas, R. & Mataia, A. & Acda, R. & Yost, R., 2009. "The early economic impact of a nutrient management decision support system (NuMaSS) on small farm households cultivating maize on acidic, upland soils in the Philippines," Agricultural Systems, Elsevier, vol. 101(3), pages 162-172, July.
    9. Mullen, John D., 2004. "Impact Assessment of ACIAR-funded Projects on Grain-market Reform in China," Impact Assessment Series (IAS) 113252, Australian Centre for International Agricultural Research.
    10. Michael J. Roberts & David Schimmelpfennig & Michael J. Livingston & Elizabeth Ashley, 2009. "Estimating the Value of an Early-Warning System," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(2), pages 303-329, June.
    11. Poppe, Krijn J., 2008. "Economic assessment of Dutch agricultural research," Report Series 43071, Wageningen University and Research Center, Agricultural Economics Research Institute.
    12. David E. Schimmelpfennig & George W. Norton, 2005. "Assessing The Value Of Economics Research: The Case Of The Bias In The Consumer Price Index," Contemporary Economic Policy, Western Economic Association International, vol. 23(4), pages 625-635, October.
    13. Singh, Rajinder Pal & Williams, Robert L. & Mullen, John D. & Faour, Khaled & Lewin, Laurie, 2005. "Valuing a Test for Nitrogen Status in Rice," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 13.

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