The Returns To Agricultural Research In Maine: The Case Of A Small Northeastern Experiment Station
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.
Volume (Year): 20 (1991)
Issue (Month): 1 (April)
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- 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.
- Norton, George W. & Coffey, Joseph D. & Frye, E. Berrier, 1984. "Estimating Returns To Agricultural Research, Extension, And Teaching At The State Level," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(01), July.
- 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.
- 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.
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