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What Value Is Agricultural Economics Research?

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Author Info

  • Schimmelpfennig, David E.
  • Norton, George W.

Abstract

Methods are presented for evaluating the economic benefits of agricultural economics research (AER). Decision theory and economic surplus analysis are used to evaluate returns to five representative types of AER. Benefits stem from effects of AER on economic efficiency through reduced uncertainty about optimal resource allocation or improved institutional design.

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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2000 Annual meeting, July 30-August 2, Tampa, FL with number 21773.

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Date of creation: 2000
Date of revision:
Handle: RePEc:ags:aaea00:21773

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Related research

Keywords: Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods;

References

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  1. Freebairn, John W., 1976. "Welfare Implications Of More Accurate Rational Forecast Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 20(02), August.
  2. Hayami, Yujiro & Peterson, Willis, 1972. "Social Returns to Public Information Services: Statistical Reporting of U. S. Farm Commodities," American Economic Review, American Economic Association, vol. 62(1), pages 119-30, March.
  3. Crutchfield, Stephen R. & Buzby, Jean C. & Roberts, Tanya & Ollinger, Michael & Lin, Chung-Tung Jordan, 1997. "Economic Assessment of Food Safety Regulations: The New Approach to Meat and Poultry Inspection," Agricultural Economics Reports 34009, United States Department of Agriculture, Economic Research Service.
  4. Makki, Shiva S. & Somwaru, Agapi, 2001. "Asymmetric Information in the Market for Yield and Revenue Insurance Products," Technical Bulletins 33587, United States Department of Agriculture, Economic Research Service.
  5. Somwaru, Agapi & Makki, Shiva S. & Coble, Keith H., 1998. "Adverse Selection In The Market For Crop Insurance," 1998 Annual meeting, August 2-5, Salt Lake City, UT 21002, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  6. Gardner, Bruce L., 1999. "Returns to policy-related social science research in agriculture:," Impact assessments 9, International Food Policy Research Institute (IFPRI).
  7. Charles L. Ballard & John B. Shoven & John Whalley, 1985. "The Welfare Cost of Distortions in the United States Tax System: A General Equilibrium Approach," NBER Working Papers 1043, National Bureau of Economic Research, Inc.
  8. Schultz, Theodore W, 1975. "The Value of the Ability to Deal with Disequilibria," Journal of Economic Literature, American Economic Association, vol. 13(3), pages 827-46, September.
  9. Brent R. Moulton, 1996. "Bias in the Consumer Price Index: What Is the Evidence?," Journal of Economic Perspectives, American Economic Association, vol. 10(4), pages 159-177, Fall.
  10. Norton, George W. & Schuh, G. Edward, 1980. "Evaluating Returns to Social Science Research: Issues and Possible Methods," Evaluation of Agricultural Research, Proceedings of a Workshop, Minneapolis, MN, May 12-13, 1980, Miscellaneous Publication 8 49076, University of Minnesota, Agricultural Experiment Station.
  11. Ballard, Charles L & Shoven, John B & Whalley, John, 1985. "General Equilibrium Computations of the Marginal Welfare Costs of Taxes in the United States," American Economic Review, American Economic Association, vol. 75(1), pages 128-38, March.
  12. George W. Norton & Jeffrey Alwang, 1997. "Measuring the Benefits of Policy Research," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(5), pages 1534-1538.
  13. Bradford, David F & Kelejian, Harry H, 1977. "The Value of Information for Crop Forecasting in a Market System: Some Theoretical Issues," Review of Economic Studies, Wiley Blackwell, vol. 44(3), pages 519-31, October.
  14. Harwood, Joy L. & Heifner, Richard G. & Coble, Keith H. & Perry, Janet E. & Somwaru, Agapi, 1999. "Managing Risk in Farming: Concepts, Research, and Analysis," Agricultural Economics Reports 34081, United States Department of Agriculture, Economic Research Service.
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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. 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.
  3. 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.
  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), March.
  5. 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, Melbourne School of Land and Environment, vol. 13.
  6. 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).
  7. 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.
  8. 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.
  9. Poppe, Krijn J., 2008. "Economic assessment of Dutch agricultural research," Report Series 43071, Agricultural Economics Research Institute.
  10. 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.

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