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Rates Of Return To Public Agricultural Research In The Presence Of Research Spillovers

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  • Yee, Jet
  • Huffman, Wallace E.

Abstract

This study uses new state data to examine the contributions of public agricultural research, extension, and infrastructure to agricultural productivity. The estimated social rates of return (which take into account spillover effects) are high and imply a need for federal or regional institutions to coordinate public agricultural research funding.

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File URL: http://purl.umn.edu/20628
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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2001 Annual meeting, August 5-8, Chicago, IL with number 20628.

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Date of creation: 2001
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Handle: RePEc:ags:aaea01:20628

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

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  1. Khanna, J. & Huffman, Wallace & Sandler, T., 1994. "Agricultural Research Expenditures in the United States: A Public Goods Perspective," Staff General Research Papers 10994, Iowa State University, Department of Economics.
  2. Alan McCunn & Wallace E. Huffman, 2000. "Convergence in U.S. Productivity Growth for Agriculture: Implications of Interstate Research Spillovers for Funding Agricultural Research," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(2), pages 370-388.
  3. Huffman, Wallace & Just, Richard E., 1999. "Agricultural Research: Benefits and Beneficiaries of Alternative Funding Mechanisms," Staff General Research Papers 1557, Iowa State University, Department of Economics.
  4. Catherine J. Morrison & Amy Ellen Schwartz, 1992. "State Infrastructure and Productive Performance," NBER Working Papers 3981, National Bureau of Economic Research, Inc.
  5. José Benjamin Falck-Zepeda & Greg Traxler & Robert G. Nelson, 2000. "Surplus Distribution from the Introduction of a Biotechnology Innovation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(2), pages 360-369.
  6. Cornes,Richard & Sandler,Todd, 1996. "The Theory of Externalities, Public Goods, and Club Goods," Cambridge Books, Cambridge University Press, number 9780521477185, November.
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