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

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  • Khanna, Jyoti
  • Huffman, Wallace E
  • Sandler, Todd

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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Bibliographic 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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Cited by:
  1. 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.
  2. Huffman, Wallace & Evenson, Robert E., 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.
  3. Yee, Jet & Huffman, Wallace E., 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).
  4. 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.
  5. Michael Finus & Dirk T.G. R├╝bbelke, 2008. "Coalition Formation and the Ancillary Benefits of Climate Policy," Working Papers 2008.62, Fondazione Eni Enrico Mattei.
  6. Oscar Alfranca, 2005. "Private R&D and Spillovers in European Agriculture," International Advances in Economic Research, Springer, vol. 11(2), pages 201-213, May.
  7. 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.
  8. 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).
  9. 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.
  10. Alfranca, Oscar & Huffman, Wallace E., 2001. "Impact of institutions and public research on private agricultural research," Agricultural Economics, Blackwell, vol. 25(2-3), pages 191-198, September.
  11. Plastina, Alejandro S. & Fulginiti, Lilyan E., 2007. "Rates of Return to Public Agricultural Research in 48 U.S. States," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon TN 9858, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  12. Just, Richard E. & Huffman, Wallace E., 2009. "The economics of universities in a new age of funding options," Research Policy, Elsevier, vol. 38(7), pages 1102-1116, September.
  13. Xia, Yin & Buccola, Steven T., 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).
  14. 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.

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