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Antipodean agricultural and resource economics at 60: agricultural innovation

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  • Julian M. Alston
  • Kym Anderson
  • Philip G. Pardey
  • Julian M. Alston
  • Philip G. Pardey

Abstract

Innovation in agriculture – itself an innovation some 10,000 years ago – is at the centre of many economic and social issues, either as a cause of problems or a solution to them. From the beginning, but especially over the past 150 years, innovation has transformed agriculture and in doing so has contributed to the transformation of whole economies. The consequences have been profoundly important for lives and livelihoods, generally favourable, but almost always with some undesirable consequences for at least some people. Economic and policy issues arise because agricultural research is subject to various market failures, because the resulting innovations and technological changes have important economic consequences for net income and its distribution among individuals and among factors of production, and because the consequences are difficult to discern and attribute among causes. These issues have been studied by economists and documented in the literature on the economics of innovation in agriculture that began as such in the 1950s, around the time of the creation of the Australian Agricultural Economics Society. Members of that nascent society were early contributors to this emerging field of study and have played disproportionately significant roles in it over the ensuing decades.
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Suggested Citation

  • Julian M. Alston & Kym Anderson & Philip G. Pardey & Julian M. Alston & Philip G. Pardey, 2016. "Antipodean agricultural and resource economics at 60: agricultural innovation," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 60(4), pages 554-568, October.
    • Handle: RePEc:bla:ajarec:v:60:y:2016:i:4:p:554-568
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    File URL: http://hdl.handle.net/10.1111/1467-8489.12162
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    Cited by:

    1. Kym Anderson, 2018. "Mining’s impact on the competitiveness of other sectors in a resource-rich economy: Australia since the 1840s," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 31(1), pages 141-151, May.
    2. Kolawole Ogundari & Bolarinwa Olufemi Daniel, 2018. "Working Paper 294 - Agricultural Innovations, Production, and Household Welfare in Africa," Working Paper Series 2421, African Development Bank.
    3. Roger G. Mauldon, 2021. "Early Analytical Agricultural Economics in Australia," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 61(1), pages 45-63, March.
    4. Kinnucan, Henry W., 2016. "Timber price dynamics after a natural disaster: Hurricane Hugo revisited," Journal of Forest Economics, Elsevier, vol. 25(C), pages 115-129.
    5. Anderson, J. & Birner, R. & Naseem, A. & Pray, C., 2018. "Promoting the Agricultural Transformation in Africa: How to Create Sufficient Political Will?," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 275988, International Association of Agricultural Economists.
    6. Kym Anderson, 2017. "Sectoral Trends and Shocks in Australia's Economic Growth," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(1), pages 2-21, March.

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