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U.S. Agricultural Research Deflators: 1890-1985

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  • Pardey, Philip G.
  • Craig, Barbara J.
  • Hallaway, Michelle L.

Abstract

Using newly developed time series on U.S. public sector agricultural research expenditures, two new deflators for agricultural research are constructed. These deflators differ from others currently used in the literature in that factor level price indices are weighted with time varying weights which capture the shifting factor mix of research spending by the state agricultural experiment stations (SAES). The substantial differences in measuring real resource allocation to agricultural research using these deflators and alternatives found in the literature, including that used by the National Science Foundation to report official R&D statistics, are demonstrated. In addition, the factor level expenditure series are used to contrast measurement of resource allocation in agricultural research from 1890 to the present using real research service flows as opposed to real research expenditures.

Suggested Citation

  • Pardey, Philip G. & Craig, Barbara J. & Hallaway, Michelle L., 1987. "U.S. Agricultural Research Deflators: 1890-1985," Staff Papers 13675, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13675
    DOI: 10.22004/ag.econ.13675
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    1. Pardey, Philip G, 1989. "The Agricultural Knowledge Production Function: An Empirical Look," The Review of Economics and Statistics, MIT Press, vol. 71(3), pages 453-461, August.
    2. Robert Evenson, 1967. "The Contribution of Agricultural Research to Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(5), pages 1415-1425.
    3. Pardey, Philip G. & Craig, Barbara J., 1987. "Dynamics Of The Agricultural Research And Output Relationship," Staff Papers 13515, University of Minnesota, Department of Applied Economics.
    4. Helen S. Milton, 1972. "Cost-of-Research Index, 1920–1970," Operations Research, INFORMS, vol. 20(1), pages 1-18, February.
    5. George J. Stigler, 1950. "Employment and Compensation in Education," NBER Books, National Bureau of Economic Research, Inc, number stig50-1, March.
    6. Mansfield, Edwin & Romeo, Anthony & Switzer, Lorne, 1983. "R&D price indexes and real R&D expenditures in the United States," Research Policy, Elsevier, vol. 12(2), pages 105-112, April.
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    Cited by:

    1. Roberto Esposti, 2003. "Public R&D investment and cost structure in Italian agriculture, 1960--1995," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 30(4), pages 509-537, December.

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