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Impact of public research investments on agricultural productivity in Chile

Author

Listed:
  • Bouali Guesmi
  • Juan Hernán Cabas Monje
  • Marta Alfaro Valenzuela
  • José M. Gil

Abstract

This study examined the relationship between public research and development (R&D) investment and agricultural productivity growth in Chile during the 1964–2017 period. To achieve this objective, we used a combined approach based on accounting and econometric measures. The results indicated that agricultural productivity grew at an annual average rate of 2.11%. Additionally, the empirical findings show a positive and significant relationship between public R&D investment and agricultural productivity. Furthermore, the cost–benefit analysis reveals a high return (15%–21%) to public R&D resources, which may have contributed to enhancing the productivity performance of Chile's agricultural sector. In this regard, our findings suggest that agricultural R&D spending has been profitable in recent decades and that a higher allocation of R&D resources is justifiable. [EconLit Citations: C22, Q14, Q16].

Suggested Citation

  • Bouali Guesmi & Juan Hernán Cabas Monje & Marta Alfaro Valenzuela & José M. Gil, 2024. "Impact of public research investments on agricultural productivity in Chile," Agribusiness, John Wiley & Sons, Ltd., vol. 40(1), pages 277-298, January.
    • Handle: RePEc:wly:agribz:v:40:y:2024:i:1:p:277-298
    DOI: 10.1002/agr.21842
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