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Agricultural Innovation

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  • Brian D. Wright
  • Tiffany M. Shih

Abstract

The achievements in agricultural innovation over the past century have been impressive, supporting large increases in agricultural yields and low food prices. Critical to this success has been sustained public sector investment combined with a decentralized and competitive research system in the US. Recent intellectual property reforms motivated increased private investment, yet the private sector still relies upon basic research produced by the public sector. Problems with scientific freedom to operate as well as concentration in the agricultural biotechnology industry also emerged due to intellectual property rights. For new technologies, the case of agriculture demonstrates that government has an important role in antitrust, the effective and efficient regulation of technologies, and in facilitating technology adoption.

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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 15793.

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Date of creation: Mar 2010
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Publication status: published as Tiffany Shih, Brian Wright. "Agricultural Innovation," in Rebecca M. Henderson and Richard G. Newell, editors, "Accelerating Energy Innovation: Insights from Multiple Sectors" University of Chicago Press (2011)
Handle: RePEc:nbr:nberwo:15793

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Cited by:
  1. Christian Helmers & Bronwyn H. Hall, 2010. "The role of patent protection in (clean/green) technology transfer," Economics Series Working Papers CSAE WPS/2010-23, University of Oxford, Department of Economics.
  2. 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.

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