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Agricultural Research Expenditures in the United States: A Public Goods Perspective

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Author Info
Khanna, Jyoti
Huffman, Wallace E
Sandler, Todd

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Abstract

This paper presents econometric evidence on two different public good formulations of agricultural research: pure public and joint-product models. A nested test for simultaneous equations is proposed and applied for distinguishing between the two models. The procedure is used for testing for neutrality. Using data from 1951-85, the authors illustrate the technique with two-stage least squares estimates for forty-eight U.S. states. An overwhelming number of sample states abide by the joint-product model. Price and full income elasticities are presented. Copyright 1994 by MIT Press.

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Publisher Info
Article provided by MIT Press in its journal Review of Economics & Statistics.

Volume (Year): 76 (1994)
Issue (Month): 2 (May)
Pages: 267-77
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Handle: RePEc:tpr:restat:v:76:y:1994:i:2:p:267-77

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  1. Tokgoz, Simla, 2003. "R&D Spillovers in Agriculture: Results from a Trade Model," Staff General Research Papers 10718, Iowa State University, Department of Economics. [Downloadable!]
    Other versions:
  2. Xia, Yin & Buccola, Steven, 2001. "Are Basic Science And Biotechnology Complementary Activities?," 2001 Annual meeting, August 5-8, Chicago, IL 20575, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  3. Yee, Jet & Huffman, Wallace, 2001. "Rates Of Return To Public Agricultural Research In The Presence Of Research Spillovers," 2001 Annual meeting, August 5-8, Chicago, IL 20628, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  4. Tokgoz, Simla, 2003. "R&D Spillovers In Agriculture: Results From A North-South Trade Model," 2003 Annual meeting, July 27-30, Montreal, Canada 22258, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  5. Michael Finus & Dirk T.G. Rübbelke, 2008. "Coalition Formation and the Ancillary Benefits of Climate Policy," Working Papers 2008.62, Fondazione Eni Enrico Mattei. [Downloadable!]
    Other versions:
  6. Debertin, David L., 2001. "Are American Farmers Better Off As A Result Of Technology Gains?," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(02), August. [Downloadable!]
  7. Oscar Alfranca, 2005. "Private R&D and Spillovers in European Agriculture," International Advances in Economic Research, Springer, vol. 11(2), pages 201-213, May. [Downloadable!] (restricted)
  8. Huffman, Wallace, 2005. "Developments in the Organization and Finance of Public Agricultural Research in the United States, 1988-1999," Staff General Research Papers 12485, Iowa State University, Department of Economics. [Downloadable!]
  9. Miranowski, John & Monchuk, Daniel C., 2004. "Innovative Behavior and Spatial Location – Using Patent Counts and Geographic Location to Estimate Innovative Spillins," Staff General Research Papers 12201, Iowa State University, Department of Economics. [Downloadable!]
  10. Huffman, Wallace, 2009. "Measuring Public Agricultural Research Capital and Its Contribution to State Agricultural Productivity," Staff General Research Papers 13123, Iowa State University, Department of Economics. [Downloadable!]
  11. Wallace HUFFMAN & Richard E. JUST, 1995. "Transaction Costs, Fads, And Politically Motivated Misdirection In Agricultural Research," Staff Papers 277, Iowa State University Department of Economics. [Downloadable!]
  12. Huffman, Wallace & Evenson, Robert, 2003. "Determinants of the Demand for State Agricultural Experiment Station Resources: A Demand-System Approach," Staff General Research Papers 11175, Iowa State University, Department of Economics. [Downloadable!]
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