IDEAS home Printed from https://ideas.repec.org/p/ags/aaea00/21773.html
   My bibliography  Save this paper

What Value Is Agricultural Economics Research?

Author

Listed:
  • Schimmelpfennig, David E.
  • Norton, George W.

Abstract

Methods are presented for evaluating the economic benefits of agricultural economics research (AER). Decision theory and economic surplus analysis are used to evaluate returns to five representative types of AER. Benefits stem from effects of AER on economic efficiency through reduced uncertainty about optimal resource allocation or improved institutional design.

Suggested Citation

  • Schimmelpfennig, David E. & Norton, George W., 2000. "What Value Is Agricultural Economics Research?," 2000 Annual meeting, July 30-August 2, Tampa, FL 21773, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea00:21773
    as

    Download full text from publisher

    File URL: http://purl.umn.edu/21773
    Download Restriction: no

    References listed on IDEAS

    as
    1. Charles L. Ballard & John B. Shoven & John Whalley, 1982. "The Welfare Cost of Distortions in the United States Tax System: A General Equilibrium Approach," NBER Working Papers 1043, National Bureau of Economic Research, Inc.
    2. Harwood, Joy L. & Heifner, Richard G. & Coble, Keith H. & Perry, Janet E. & Somwaru, Agapi, 1999. "Managing Risk in Farming: Concepts, Research, and Analysis," Agricultural Economics Reports 34081, United States Department of Agriculture, Economic Research Service.
    3. Brent R. Moulton, 1996. "Bias in the Consumer Price Index: What Is the Evidence?," Journal of Economic Perspectives, American Economic Association, vol. 10(4), pages 159-177, Fall.
    4. Gardner, Bruce L., 1997. "Returns to Policy-Related Social Science Research in Agriculture," Working Papers 197845, University of Maryland, Department of Agricultural and Resource Economics.
    5. Crutchfield, Stephen R. & Buzby, Jean C. & Roberts, Tanya & Ollinger, Michael & Lin, Chung-Tung Jordan, 1997. "Economic Assessment of Food Safety Regulations: The New Approach to Meat and Poultry Inspection," Agricultural Economics Reports 34009, United States Department of Agriculture, Economic Research Service.
    6. Hayami, Yujiro & Peterson, Willis, 1972. "Social Returns to Public Information Services: Statistical Reporting of U. S. Farm Commodities," American Economic Review, American Economic Association, vol. 62(1), pages 119-130, March.
    7. Makki, Shiva S. & Somwaru, Agapi, 2001. "Asymmetric Information in the Market for Yield and Revenue Insurance Products," Technical Bulletins 33587, United States Department of Agriculture, Economic Research Service.
    8. Ballard, Charles L & Shoven, John B & Whalley, John, 1985. "General Equilibrium Computations of the Marginal Welfare Costs of Taxes in the United States," American Economic Review, American Economic Association, vol. 75(1), pages 128-138, March.
    9. 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.
    10. Somwaru, Agapi & Makki, Shiva S. & Coble, Keith H., 1998. "Adverse Selection In The Market For Crop Insurance," 1998 Annual meeting, August 2-5, Salt Lake City, UT 21002, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. John W. Freebairn, 1976. "Welfare Implications Of More Accurate Rational Forecast Prices," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 20(2), pages 92-102, August.
    12. George W. Norton & Jeffrey Alwang, 1997. "Measuring the Benefits of Policy Research," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(5), pages 1534-1538.
    13. Norton, George W. & Schuh, G. Edward, 1981. "Evaluating Returns to Social Science Research: Issues and Possible Methods," Evaluation of Agricultural Research, Proceedings of a Workshop, Minneapolis, MN, May 12-13, 1980, Miscellaneous Publication 8 49076, University of Minnesota, Agricultural Experiment Station.
    14. David F. Bradford & Harry H. Kelejian, 1977. "The Value of Information for Crop Forecasting in a Market System: Some Theoretical Issues," Review of Economic Studies, Oxford University Press, vol. 44(3), pages 519-531.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Poppe, Krijn J., 2008. "Economic assessment of Dutch agricultural research," Report Series 43071, Agricultural Economics Research Institute.
    2. Mullen, John D., 2004. "Impact Assessment of ACIAR-funded Projects on Grain-market Reform in China," Impact Assessment Series (IAS) 113252, Australian Centre for International Agricultural Research.
    3. Qin, Lin & Buccola, Steven T., 2012. "Econometric Assessment of Research Programs: A Bayesian Approach," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124948, Agricultural and Applied Economics Association.
    4. Kutschukian, Jean-Marc, 2008. "A Framework For The Economic Evaluation Of Environmental Science," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6026, Australian Agricultural and Resource Economics Society.
    5. Singh, Rajinder Pal & Williams, Robert L. & Mullen, John D. & Faour, Khaled & Lewin, Laurie, 2005. "Valuing a Test for Nitrogen Status in Rice," Australasian Agribusiness Review, University of Melbourne, Melbourne School of Land and Environment, vol. 13.
    6. Walker, Tom & Ryan, Jim & Kelley, Tim, 2010. "Impact Assessment of Policy-Oriented International Agricultural Research: Evidence and Insights from Case Studies," World Development, Elsevier, vol. 38(10), pages 1453-1461, October.
    7. Alwang, Jeffrey & Puhazhendhi, V., 2002. "The impact of the International Food Policy Research Institute's research program on rural finance policies for food security for the poor," Impact assessments 16, International Food Policy Research Institute (IFPRI).
    8. Thirtle, Colin G. & Piesse, Jenifer & Gouse, Marnus, 2005. "Agricultural technology, productivity and employment: Policies for poverty reduction," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 44(1), March.
    9. Ryan, Jim, 2002. "Assessing the impact of food policy research: rice trade policies in Viet Nam," Food Policy, Elsevier, vol. 27(1), pages 1-29, February.
    10. Anderson, Kym, 2003. "Impact assessment of IFPRI's research and related activities based on economywide modeling," Impact assessments 21, International Food Policy Research Institute (IFPRI).
    11. Walker, T. & Friday, J. & Casimero, M. & Dollentas, R. & Mataia, A. & Acda, R. & Yost, R., 2009. "The early economic impact of a nutrient management decision support system (NuMaSS) on small farm households cultivating maize on acidic, upland soils in the Philippines," Agricultural Systems, Elsevier, vol. 101(3), pages 162-172, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea00:21773. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/aaeaaea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.