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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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  • Brian D. Wright & Tiffany M. Shih, 2010. "Agricultural Innovation," NBER Working Papers 15793, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:15793
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    1. 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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    More about this item

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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