IDEAS home Printed from https://ideas.repec.org/p/ags/pugtwp/332729.html
   My bibliography  Save this paper

Agricultural R&D policy under climate and economic uncertainty

Author

Listed:
  • Cai, Yongyang
  • Golub, Alla
  • Hertel, Thomas
  • Judd, Kenneth

Abstract

Since the 1950s, increased agricultural productivity has allowed food supply growth to outpace demand on a global scale, resulting in a downward trend in world prices. Investments into agricultural research and development (R&D) have been the foundation for this achievement. Optimal R&D spending depends on future population, income and climate change, all of which are highly uncertain. This study offers a dynamic framework for analyzing optimal agricultural R&D spending in 21st century factoring in uncertainties in these drivers.

Suggested Citation

  • Cai, Yongyang & Golub, Alla & Hertel, Thomas & Judd, Kenneth, 2016. "Agricultural R&D policy under climate and economic uncertainty," Conference papers 332729, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:332729
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/332729/files/7953.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Pardey, Philip G. & Beintema, Nienke M. & Dehmer, Steven & Wood, Stanley, 2006. "Agricultural research: a growing global divide?," Food policy reports 17, International Food Policy Research Institute (IFPRI).
    2. Hertel, Thomas W., 2015. "The Challenges of Sustainably Feeding a Growing Planet," 2015 Conference (59th), February 10-13, 2015, Rotorua, New Zealand 202525, Australian Agricultural and Resource Economics Society.
    3. Julian M. Alston & Jennifer S. James & Matthew A. Andersen & Philip G. Pardey, 2010. "Research Lags and Spillovers," Natural Resource Management and Policy, in: Persistence Pays, chapter 0, pages 239-269, Springer.
    4. von Braun, Joachim & Fan, Shenggen & Meinzen-Dick, Ruth & Rosegrant, Mark W. & Pratt, Alejandro Nin, 2008. "International agricultural research for food security, poverty reduction, and the environment: What to expect from scaling up CGIAR investments and “Best Bet” programs," Issue briefs 53, International Food Policy Research Institute (IFPRI).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cai, Yongyang & Golub, Alla A. & Hertel, Thomas W. & Judd, Kenneth L., 2016. "Agricultural R&D Policy in the Face of Climate and Economic Uncertainty," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235981, Agricultural and Applied Economics Association.
    2. Hertel, Thomas W. & Lobell, David B., 2014. "Agricultural adaptation to climate change in rich and poor countries: Current modeling practice and potential for empirical contributions," Energy Economics, Elsevier, vol. 46(C), pages 562-575.
    3. Genti Kostandini & Bradford F. Mills & Steven Were Omamo & Stanley Wood, 2009. "Ex ante analysis of the benefits of transgenic drought tolerance research on cereal crops in low‐income countries," Agricultural Economics, International Association of Agricultural Economists, vol. 40(4), pages 477-492, July.
    4. Obisesan, Adekemi A. & Amos, Taiwo T. & Akinlade, Roseline J., 2016. "Causal Effect Of Credit And Technology Adoption On Farm Output And Income: The Case Of Cassava Farmers In Southwest Nigeria," 2016 Fifth International Conference, September 23-26, 2016, Addis Ababa, Ethiopia 246443, African Association of Agricultural Economists (AAAE).
    5. James, Jennifer S. & Pardey, Philip G. & Alston, Julian M., 2008. "Agricultural R&D Policy: A Tragedy of the International Commons," Staff Papers 43094, University of Minnesota, Department of Applied Economics.
    6. Pardey, Philip G. & Alston, Julian M. & Ruttan, Vernon W., 2010. "The Economics of Innovation and Technical Change in Agriculture," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 939-984, Elsevier.
    7. Mercure, J.-F. & Paim, M.A. & Bocquillon, P. & Lindner, S. & Salas, P. & Martinelli, P. & Berchin, I.I. & de Andrade Guerra, J.B.S.O & Derani, C. & de Albuquerque Junior, C.L. & Ribeiro, J.M.P. & Knob, 2019. "System complexity and policy integration challenges: The Brazilian Energy- Water-Food Nexus," Renewable and Sustainable Energy Reviews, Elsevier, vol. 105(C), pages 230-243.
    8. Amanda Silva‐Parra & Juan Manuel Trujillo‐González & Eric C. Brevik, 2021. "Greenhouse gas balance and mitigation potential of agricultural systems in Colombia: A systematic analysis," Greenhouse Gases: Science and Technology, Blackwell Publishing, vol. 11(3), pages 554-572, June.
    9. Wynn, Katherine & Spangenberg, German & Smith, Kevin & Wilson, William, 2017. "Valuing Genetically Modified Traits in Canola Using Real Options," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 42(2), May.
    10. -, 2009. "The outlook for agriculture and rural development in the Americas: a perspective on Latin America and the Caribbean, 2009," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1379 edited by Iica, July.
    11. Pandey, Sushil & Byerlee, Derek R. & Dawe, David & Dobermann, Achim & Mohanty, Samarendu & Rozelle, (ed.), 2010. "Rice in the Global Economy: Strategic Research and Policy Issues for Food Security," IRRI Books, International Rice Research Institute (IRRI), number 164488.
    12. von Braun, Joachim, 2008. "Food and financial crises: Implications for agriculture and the poor," Food policy reports 20, International Food Policy Research Institute (IFPRI).
    13. Mogues, Tewodaj & Yu, Bingxin & Fan, Shenggen & Mcbride, Linden, 2012. "The impacts of public investment in and for agriculture: Synthesis of the existing evidence," IFPRI discussion papers 1217, International Food Policy Research Institute (IFPRI).
    14. Tiffany Shih & Brian Wright, 2011. "Agricultural Innovation," NBER Chapters, in: Accelerating Energy Innovation: Insights from Multiple Sectors, pages 49-85, National Bureau of Economic Research, Inc.
    15. Larson,Donald F. & Muraoka,Rie & Otsuka,Keijiro, 2016. "On the central role of small farms in African rural development strategies," Policy Research Working Paper Series 7710, The World Bank.
    16. Hazell, Peter B.R., 2012. "Leonard K. Elmhirst Lecture: Options for African Agriculture in an Era of High Food and Energy Prices," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 127070, International Association of Agricultural Economists.
    17. Kym Anderson, 2009. "Distorted Agricultural Incentives and Economic Development: Asia's Experience," The World Economy, Wiley Blackwell, vol. 32(3), pages 351-384, March.
    18. Pardey, Philip G., 2009. "Reassessing Public-Private Roles in Agricultural R&D for Economic Development," 2009: World Food Security: Can Private Sector R&D Feed the Poor?, 27-28 October 2009 125182, Crawford Fund.
    19. repec:ilo:ilowps:455446 is not listed on IDEAS
    20. Kym Anderson, 2010. "The New World in Globalizing Wine Markets: Lessons from Australia," Wine Economics Research Centre Working Papers 2010-09, University of Adelaide, Wine Economics Research Centre.
    21. Kamanda, Josey & Birner, Regina & Bantilan, Ma Cynthia S., 2013. "Strategic positioning of international agricultural research centres: Comparative advantage and trade-offs from a transaction cost economics perspective," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152160, Australian Agricultural and Resource Economics Society.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:pugtwp:332729. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/gtpurus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.