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Value-Added Research Investments: Boon Or Boondoggle?

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  • Williams, Gary W.

Abstract

Adding value to agricultural products is often seen as a means to dispose of raw commodity surpluses and to add jobs, boost incomes, and otherwise promote rural economic development. A major component of this development strategy has been federal and state investments in research intended to boost the production, marketing, and distribution of valueadded agricultural products. This symposium explored the economic rationale and implications of such research investments.

Suggested Citation

  • Williams, Gary W., 1989. "Value-Added Research Investments: Boon Or Boondoggle?," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270472, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea89:270472
    DOI: 10.22004/ag.econ.270472
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    References listed on IDEAS

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    1. John S. Chipman, 1970. "External Economies of Scale and Competitive Equilibrium," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 347-385.
    2. Paul Krugman, 1986. "Strategic Trade Policy and the New International Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262610450, December.
    3. Kalyan K. Sanyal & Ronald W. Jones, 2018. "The Theory of Trade in Middle Products," World Scientific Book Chapters, in: International Trade Theory and Competitive Models Features, Values, and Criticisms, chapter 13, pages 203-231, World Scientific Publishing Co. Pte. Ltd..
    4. James A. Brander & Barbara J. Spencer, 1983. "Strategic Commitment with R&D: The Symmetric Case," Bell Journal of Economics, The RAND Corporation, vol. 14(1), pages 225-235, Spring.
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    Cited by:

    1. John W. Siebert & Robert Jones & Thomas L. Sporleder, 1997. "The VEST model: An alternative approach to value added," Agribusiness, John Wiley & Sons, Ltd., vol. 13(6), pages 561-567.

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