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Research Investment and the Economic Returns To Chinese Agricultural Research

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  • Shenggen Fan

Abstract

This article measureseconomic returns to research investment in Chinese agricultureusing the production function approach. A stock-of-knowledgevariable constructed from the past research investment is directlyincluded in the production function as an explanatory variablein the production function. Improved rural infrastructure, irrigation,and education are also included as explanatory variables to avoidthe upward bias in the estimates of returns to agricultural research.A two-way variable coefficients technique is used in the estimationto reduce estimation biases due to the remaining measurementand omitted variables problems. Sensitivity analyses are conductedto test the effects of various lag structures on the return estimates.The results show that rates of return to research investmentin Chinese agriculture are high, ranging from 36% to 90% in1997, and the rates are increasing over time. Copyright Kluwer Academic Publishers 2000

Suggested Citation

  • Shenggen Fan, 2000. "Research Investment and the Economic Returns To Chinese Agricultural Research," Journal of Productivity Analysis, Springer, vol. 14(2), pages 163-182, September.
  • Handle: RePEc:kap:jproda:v:14:y:2000:i:2:p:163-182
    DOI: 10.1023/A:1007803108805
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    References listed on IDEAS

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    1. Fan, Shenggan & Pardey, Philip G., 1997. "Research, productivity, and output growth in Chinese agriculture," Journal of Development Economics, Elsevier, vol. 53(1), pages 115-137, June.
    2. Lin, Justin Yifu, 1991. "Public Research Resource Allocation in Chinese Agriculture: A Test of Induced Technological Innovation Hypotheses," Economic Development and Cultural Change, University of Chicago Press, vol. 40(1), pages 55-73, October.
    3. Lin, Justin Yifu, 1992. "Rural Reforms and Agricultural Growth in China," American Economic Review, American Economic Association, vol. 82(1), pages 34-51, March.
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    Cited by:

    1. Fan, Shenggen & Fang, Cheng & Zhang, Xiaobo, 2001. "How Agricultural Research Affects Urban Poverty In Developing Countries? The Case Of China," 2001 Annual meeting, August 5-8, Chicago, IL 20636, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Jin, Songqing & Rozelle, Scott & Alston, Julian M. & Huang, Jikun, 2003. "Economies of Scale and Scope, and the Efficiency of China's Agricultural Research System," Working Papers 190903, University of California, Davis, Department of Agricultural and Resource Economics.
    3. repec:bla:agecon:v:48:y:2017:i:3:p:317-326 is not listed on IDEAS
    4. World Bank, 2008. "Nigeria - Agriculture Public Expenditure Review," World Bank Other Operational Studies 7923, The World Bank.
    5. Ulrike Nischan & Adam Kennedy & Than Tun, 2016. "Promoting Agricultural Growth in Myanmar: A Review of Policies and an Assessment of Knowledge Gaps," Working Papers id:8792, eSocialSciences.
    6. Beliyou Haile & Carlo Azzarri & Cleo Roberts & David J. Spielman, 2017. "Targeting, bias, and expected impact of complex innovations on developing-country agriculture: evidence from Malawi," Agricultural Economics, International Association of Agricultural Economists, vol. 48(3), pages 317-326, May.
    7. Hu, Ruifa & Cai, Yaqing & Chen, Kevin Z. & Huang, Jikun, 2012. "Effects of inclusive public agricultural extension service: Results from a policy reform experiment in western China," China Economic Review, Elsevier, vol. 23(4), pages 962-974.
    8. Arsenio M Balisacan, 2004. "Averting Hunger and Food Insecurity in Asia," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 1(1), pages 39-60, June.
    9. Kelvin Balcombe & Alastair Bailey & Iain Fraser, 2005. "Measuring the impact of R&D on Productivity from a Econometric Time Series Perspective," Journal of Productivity Analysis, Springer, vol. 24(1), pages 49-72, September.
    10. Alejandro Nin Pratt, 2016. "Comparing Apples to Apples: A New Indicator of Research and Development Investment Intensity in Agriculture," Working Papers id:11379, eSocialSciences.
    11. Spielman, David J. & Smale, Melinda, 2017. "Policy options to accelerate variety change among smallholder farmers in South Asia and Africa South of the Sahara," IFPRI discussion papers 1666, International Food Policy Research Institute (IFPRI).
    12. Amponsah, Lawrence, 2016. "Modelling the effect of public investment on agricultural productivity in Ghana," MPRA Paper 70924, University Library of Munich, Germany.
    13. Zhu, Jing & Zhu, J., 2003. "Public Investment And China'S Grain Production Competitiveness Under Wto," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25825, International Association of Agricultural Economists.
    14. Zhu, Jing, 2004. "Public investment and China's long-term food security under WTO," Food Policy, Elsevier, vol. 29(1), pages 99-111, February.
    15. Nin-Pratt, Alejandro, 2016. "Comparing apples to apples: A new indicator of research and development investment intensity in agriculture:," IFPRI discussion papers 1559, International Food Policy Research Institute (IFPRI).
    16. Nasir nadeem, Dr. & khalid Mushtaq, Dr., 2010. "Role of Agricultural Research and Extension in Enhancing Agricultural Productivity in Punjab, Pakistan," MPRA Paper 27769, University Library of Munich, Germany.
    17. Fan, Shenggen & Zhang, Xiaobo, 2004. "Infrastructure and regional economic development in rural China," China Economic Review, Elsevier, vol. 15(2), pages 203-214.
    18. Raouf, Mariam & Kassim, Yumna & Kurdi, Sikandra & Mogues, Tewodaj & Mahmoud, Mai & Randriamamonjy, Josée & Thurlow, James & Wiebelt, Manfred & Breisinger, Clemens, 2018. "The (Arab) Agricultural Investment for Development Analyzer (AIDA): An innovative tool for evidence-based planning:," MENA working papers 6, International Food Policy Research Institute (IFPRI).
    19. Tun, Than & Kennedy, Adam & Nischan, Ulrike, 2015. "Promoting Agricultural Growth in Myanmar: A Review of Policies and an Assessment of Knowledge Gaps," Food Security International Development Papers 230983, Michigan State University, Department of Agricultural, Food, and Resource Economics.

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