The Politics Of Underinvestment In Agricultural Research
AbstractThis paper develops a political economy framework that determines the factors causing underinvestment in public research expenditures. Governments are unable to fully compensate for unequal income distribution effects of research because of either their inability to make credible commitments or of deadweight costs associated with compensation.
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Bibliographic InfoPaper provided by Cornell University, Department of Applied Economics and Management in its series Working Papers with number 6848.
Date of creation: 1996
Date of revision:
Political Economy; Research and Development/Tech Change/Emerging Technologies;
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