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Human Capital and Adoption of Innovations: Policy Implications

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  • Wallace E. Huffman

Abstract

New technologies are made possible by public and private R&D. Investments in education increase skills for decision making—denoted as allocative efficiency. In an environment with dynamic technology, farmers with more education are better able to make technology adoption decisions in a dynamic economic and technical environment. Societies have developed institutions and policies for sharing the costs of education and obtaining the benefits.

Suggested Citation

  • Wallace E. Huffman, 2020. "Human Capital and Adoption of Innovations: Policy Implications," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(1), pages 92-99, March.
    • Handle: RePEc:wly:apecpp:v:42:y:2020:i:1:p:92-99
    DOI: 10.1002/aepp.13010
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    References listed on IDEAS

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    1. Huffman, Wallace E., 2001. "Human capital: Education and agriculture," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 7, pages 333-381, Elsevier.
    2. Jerry A. Hausman, 1996. "Valuation of New Goods under Perfect and Imperfect Competition," NBER Chapters, in: The Economics of New Goods, pages 207-248, National Bureau of Economic Research, Inc.
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    7. Alfons Weersink & Murray Fulton, 2020. "Limits to Profit Maximization as a Guide to Behavior Change," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(1), pages 67-79, March.
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    9. Evenson, Robert E., 2001. "Economic impacts of agricultural research and extension," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 11, pages 573-628, Elsevier.
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    11. Awudu Abdulai & Wallace Huffman, 2014. "The Adoption and Impact of Soil and Water Conservation Technology: An Endogenous Switching Regression Application," Land Economics, University of Wisconsin Press, vol. 90(1), pages 26-43.
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    13. Yu Jin & Wallace E. Huffman, 2016. "Measuring public agricultural research and extension and estimating their impacts on agricultural productivity: new insights from U.S. evidence," Agricultural Economics, International Association of Agricultural Economists, vol. 47(1), pages 15-31, January.
    14. Dale W. Jorgenson & Mun S. Ho & Jon D. Samuels, 2012. "Information Technology and US Productivity Growth: Evidence from a Prototype Industry Production Account," Chapters, in: Matilde Mas & Robert Stehrer (ed.), Industrial Productivity in Europe, chapter 2, Edward Elgar Publishing.
    15. Awudu Abdulai & Wallace E. Huffman, 2005. "The Diffusion of New Agricultural Technologies: The Case of Crossbred-Cow Technology in Tanzania," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(3), pages 645-659.
    16. Wozniak, Gregory D, 1993. "Joint Information Acquisition and New Technology Adoption: Late versus Early Adoption," The Review of Economics and Statistics, MIT Press, vol. 75(3), pages 438-445, August.
    17. Barham, Bradford L. & Chavas, Jean-Paul & Fitz, Dylan & Schechter, Laura, 2018. "Receptiveness to advice, cognitive ability, and technology adoption," Journal of Economic Behavior & Organization, Elsevier, vol. 149(C), pages 239-268.
    18. Schultz, Theodore W, 1975. "The Value of the Ability to Deal with Disequilibria," Journal of Economic Literature, American Economic Association, vol. 13(3), pages 827-846, September.
    19. Just, Richard E. & Huffman, Wallace E., 2009. "The economics of universities in a new age of funding options," Research Policy, Elsevier, vol. 38(7), pages 1102-1116, September.
    20. Paul Glewwe, 2002. "Schools and Skills in Developing Countries: Education Policies and Socioeconomic Outcomes," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 436-482, June.
    Full references (including those not matched with items on IDEAS)

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    2. Bairagi, Subir & Bhandari, Humnath & Kumar Das, Subrata & Mohanty, Samarendu, 2021. "Flood-tolerant rice improves climate resilience, profitability, and household consumption in Bangladesh," Food Policy, Elsevier, vol. 105(C).
    3. Yazeed Abdul Mumin & Awudu Abdulai, 2022. "Informing Food Security and Nutrition Strategies in Sub‐Saharan African Countries: An Overview and Empirical Analysis," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(1), pages 364-393, March.
    4. David Pannell & David Zilberman, 2020. "Understanding Adoption of Innovations and Behavior Change to Improve Agricultural Policy," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(1), pages 3-7, March.
    5. Deng, Haiyan & Jin, Yanhong & Pray, Carl & Hu, Ruifa & Xia, Enjun & Meng, Hong, 2021. "Impact of public research and development and extension on agricultural productivity in China from 1990 to 2013," China Economic Review, Elsevier, vol. 70(C).
    6. Rick S. Llewellyn & Brendan Brown, 2020. "Predicting Adoption of Innovations by Farmers: What is Different in Smallholder Agriculture?," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(1), pages 100-112, March.
    7. Shahid, Pirzada Syed Rizwan, 2023. "Founder's Human Capital and the Entrepreneurial Process Duration," OSF Preprints yf6mg, Center for Open Science.
    8. Maria Fay Rola‐Rubzen & Thelma Paris & Jacob Hawkins & Bibek Sapkota, 2020. "Improving Gender Participation in Agricultural Technology Adoption in Asia: From Rhetoric to Practical Action," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(1), pages 113-125, March.
    9. Aslihan Arslan & Kristin Floress & Christine Lamanna & Leslie Lipper & Solomon Asfaw & Todd Rosenstock, 2020. "IFAD RESEARCH SERIES 63 - The adoption of improved agricultural technologies - A meta-analysis for Africa," IFAD Research Series 304758, International Fund for Agricultural Development (IFAD).
    10. Yong Liu & Jorge Ruiz-Menjivar & Junbiao Zhang, 2023. "Do soil nutrient management practices improve climate resilience? Empirical evidence from rice farmers in central China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(9), pages 10029-10054, September.
    11. Jean‐Paul Chavas & Céline Nauges, 2020. "Uncertainty, Learning, and Technology Adoption in Agriculture," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(1), pages 42-53, March.
    12. Dario Schulz & Jan Börner, 2023. "Innovation context and technology traits explain heterogeneity across studies of agricultural technology adoption: A meta‐analysis," Journal of Agricultural Economics, Wiley Blackwell, vol. 74(2), pages 570-590, June.
    13. Alfons Weersink & Murray Fulton, 2020. "Limits to Profit Maximization as a Guide to Behavior Change," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(1), pages 67-79, March.
    14. Salem Gheit, 2022. "A Stochastic Frontier Analysis of the Human Capital Effects on the Manufacturing Industries’ Technical Efficiency in the United States," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 8(3), pages 215-238, July.

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