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The Returns To Agricultural Research In Maine: The Case Of A Small Northeastern Experiment Station


  • Leiby, James D.
  • Adams, Gregory D.


Estimates of the marginal internal rate of return to expenditures for research by the Maine Agricultural Experiment Station are presented. Estimates are performed using ridge regression under an array of specifications, including alternative functional forms, lag structures, costs of public funds, and variable specifications. The results are consistent with many previous results that imply an underinvestment in agricultural research.

Suggested Citation

  • Leiby, James D. & Adams, Gregory D., 1991. "The Returns To Agricultural Research In Maine: The Case Of A Small Northeastern Experiment Station," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 20(1), April.
  • Handle: RePEc:ags:nejare:28816

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    References listed on IDEAS

    1. Sundquist, W. Burt & Cheng, Cheng-Ge & Norton, George W., 1981. "Measuring Returns to Research Expenditures for Corn, Wheat and Soybeans," Evaluation of Agricultural Research, Proceedings of a Workshop, Minneapolis, MN, May 12-13, 1980, Miscellaneous Publication 8 49022, University of Minnesota, Agricultural Experiment Station.
    2. Julian M. Alston & Brian H. Hurd, 1990. "Some Neglected Social Costs of Government Spending in Farm Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(1), pages 149-156.
    3. Glenn Fox, 1985. "Is the United States Really Underinvesting in Agricultural Research?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(4), pages 806-812.
    4. Norton, George W. & Coffey, Joseph D. & Frye, E. Berrier, 1984. "Estimating Returns to Agricultural Research, Extension, and Teaching at the State Level," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 16(01), pages 121-128, July.
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    Cited by:

    1. Alston, Julian M. & Pardey, Philip G., 2001. "Attribution and other problems in assessing the returns to agricultural R&D," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 25(2-3), September.
    2. 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, Elsevier.
    3. Alston, Julian M. & Pardey, Philip G., 2000. "Reassessing Research Returns: Attribution and Related Problems," 2000 Conference, August 13-18, 2000, Berlin, Germany 197205, International Association of Agricultural Economists.
    4. Alston, Julian M. & Pardey, Philip G. & Ruttan, Vernon W., 2008. "Research Lags Revisited: Concepts and Evidence from U.S. Agriculture," Staff Papers 50091, University of Minnesota, Department of Applied Economics.


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