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Setting Research Priorities in the Public Sector: A Suggested Framework for the AARC Center


  • Beach, E. Douglas
  • Fernandez-Cornejo, Jorge


An argument can be made for public support of pre-commercial research and development (R&D) when private industry, acting in response to market incentives, underinvests in socially desireable projects. Research projects meeting this criterion must still compete for scarce public funds. The Alternative Agriculture Research and Commercialization (AARC) Center was mandated by Congress to support pre-commercial R&D in new uses of agricultural commodities. This article develops a three-phase scoring model to evaluate and prioritize AARC Center proposals.

Suggested Citation

  • Beach, E. Douglas & Fernandez-Cornejo, Jorge, 1994. "Setting Research Priorities in the Public Sector: A Suggested Framework for the AARC Center," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, issue 2.
  • Handle: RePEc:ags:uersja:137427

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    References listed on IDEAS

    1. Wolff, Christian C P, 1987. "Time-Varying Parameters and the Out-of-Sample Forecasting Performance of Structural Exchange Rate Models," Journal of Business & Economic Statistics, American Statistical Association, vol. 5(1), pages 87-97, January.
    2. Roger K. Conway & Charles B. Hallahan & Richard P. Stillman & Paul T. Prentice, 1990. "Forecasting livestock prices: Fixed and stochastic coefficients estimation comparisons," Agribusiness, John Wiley & Sons, Ltd., vol. 6(1), pages 15-32.
    3. P.A.V.B. Swamy & Roger K. Conway & Peter von zur Muehlen, 1984. "The foundations of econometrics: are there any?," Special Studies Papers 182, Board of Governors of the Federal Reserve System (U.S.).
    4. Chow, Gregory C., 1984. "Random and changing coefficient models," Handbook of Econometrics,in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 2, chapter 21, pages 1213-1245 Elsevier.
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    Cited by:

    1. Bullock, David S. & Salhofer, Klaus, 2003. "Judging agricultural policies: a survey," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 28(3), May.


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