IDEAS home Printed from https://ideas.repec.org/p/ags/aare06/139880.html

Evaluating the Economic Impacts of Accelerated R&D

Author

Listed:
  • Lindner, Robert K.

Abstract

A key part of any economic impact assessment study is the specification of a counterfactual scenario. Sometimes, the most likely counterfactual for a research project is that the same, or equivalent research, would be carried out by someone else, albeit at a later date. Alternatively, the research impacts might simply “spill-in” without any further research, and at little or no cost. Either way, the material impact of the research being evaluated is simply to bring forward in time realisation of the consequential economic benefits. However, which of the above two alternative scenarios is applicable does have important implications for the treatment of costs in the counterfactual scenario. An economic impact assessment study of an ACIAR funded project on the development and uptake of a mud crab hatchery innovation in Vietnam is used to illustrate some of the issues involved.

Suggested Citation

  • Lindner, Robert K., 2006. "Evaluating the Economic Impacts of Accelerated R&D," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139880, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare06:139880
    DOI: 10.22004/ag.econ.139880
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/139880/files/2006_lindner.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.139880?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lindner, Robert K., 2005. "Impacts of Mud Crab Hatchery Technology in Vietnam," Impact Assessment Series (IAS) 113214, Australian Centre for International Agricultural Research.
    2. Raltzer, David A. & Lindner, Robert K., 2005. "Review of the Returns to ACIAR's Bilateral R&D Investments," Impact Assessment Series (IAS) 113215, Australian Centre for International Agricultural Research.
    3. Alston, Julian M. & Chan-Kang, Connie & Marra, Michele C. & Pardey, Philip G. & Wyatt, T.J., 2000. "A Meta-Analysis Of Rates Of Return To Agricultural R & D: Ex Pede Herculem?," Research Reports 16535, CGIAR, International Food Policy Research Institute (IFPRI).
    4. van Bueren, Martin, 2004. "Acacia Hybrids in Vietnam," Impact Assessment Series (IAS) 113223, Australian Centre for International Agricultural Research.
    5. Zvi Griliches, 1958. "Research Costs and Social Returns: Hybrid Corn and Related Innovations," Journal of Political Economy, University of Chicago Press, vol. 66(5), pages 419-419.
    6. Ryan, James G. & Garrett, James L., 2003. "The impact of economic policy research: lessons on attribution and evaluation from IFPRI," Impact assessments 20, International Food Policy Research Institute (IFPRI).
    7. Ryan, James G., 1998. "Pigeonpea improvement," Impact Assessment Series (IAS) 47498, Australian Centre for International Agricultural Research.
    8. Alston, Julian M. & Pardey, Philip G., 2001. "Attribution and other problems in assessing the returns to agricultural R&D," Agricultural Economics, Blackwell, vol. 25(2-3), pages 141-152, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maredia, Mywish K. & Raitzer, David A., 2012. "Review and analysis of documented patterns of agricultural research impacts in Southeast Asia," Agricultural Systems, Elsevier, vol. 106(1), pages 46-58.
    2. Raltzer, David A. & Lindner, Robert K., 2005. "Review of the Returns to ACIAR's Bilateral R&D Investments," Impact Assessment Series (IAS) 113215, Australian Centre for International Agricultural Research.
    3. Corbishley, James & Pearce, David, 2006. "Zero Tillage for Weed Control in India: the Contribution to Poverty Alleviation," Impact Assessment Series (IAS) 113172, Australian Centre for International Agricultural Research.
    4. Ruttan, Vernon W., 2003. "Assessing The Economic Value Of Research," Staff Papers 13613, University of Minnesota, Department of Applied Economics.
    5. Hurley, Terrance M. & Pardey, Philip G. & Rao, Xudong & Andrade, Robert S., 2016. "Returns to Food and Agricultural R&D Investments Worldwide, 1958-2015," Briefs 249356, University of Minnesota, International Science and Technology Practice and Policy.
    6. Hurley, Terrance M. & Pardey, Philip G. & Rao, Xudong, 2013. "Returns to Food and Agricultural R&D Investments Worldwide, 1958-2011," Briefs 159649, University of Minnesota, International Science and Technology Practice and Policy.
    7. Pearce, David & Monck, Michael, 2006. "Benefits to Australia of selected CABI products," Impact Assessment Series (IAS) 113171, Australian Centre for International Agricultural Research.
    8. Mywish K. Maredia & Richard Bernsten & Catherine Ragasa, 2010. "Returns to public sector plant breeding in the presence of spill‐ins and private goods: the case of bean research in Michigan," Agricultural Economics, International Association of Agricultural Economists, vol. 41(5), pages 425-442, September.
    9. Pearce, David & Monck, Michael & Chadwick, Kevin & Corbishley, James, 2006. "Benefits to Australia from ACIAR-funded Research," Impact Assessment Series (IAS) 113213, Australian Centre for International Agricultural Research.
    10. Pardey, Philip G. & Alston, Julian M. & Ruttan, Vernon W., 2010. "The Economics of Innovation and Technical Change in Agriculture," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 939-984, Elsevier.
    11. Stéphane Lemarié & Valérie Orozco & Jean-Pierre Butault & Antonio Musolesi & Michel Simioni & Bertrand Schmitt, 2020. "Assessing the long-term impact of agricultural research on productivity: evidence from France," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 47(4), pages 1559-1586.
    12. Pedro Andres Garzon Delvaux & Heinrich Hockmann & Peter Voigt & Pavel Ciaian & Sergio Gomez y Paloma, 2018. "The impact of private R&D on the performance of food-processing firms: Evidence from Europe, Japan and North America," JRC Research Reports JRC104144, Joint Research Centre.
    13. Maredia, Mywish K., 2009. "Improving the proof: Evolution of and emerging trends in impact assessment methods and approaches in agricultural development," IFPRI discussion papers 929, International Food Policy Research Institute (IFPRI).
    14. Lindner, Robert K., 2005. "Impacts of Mud Crab Hatchery Technology in Vietnam," Impact Assessment Series (IAS) 113214, Australian Centre for International Agricultural Research.
    15. Mullen, J. D., 2002. "Farm Management In The 21st Century," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 174072, Australian Agricultural and Resource Economics Society.
    16. Magen, Benjamin B., 2012. "An Ex Post Economic Impact Assessment of Bean/Cowpea Crsp’s Investment on Varietal Development in Senegal," Graduate Research Master's Degree Plan B Papers 142739, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    17. Maredia, Mywish K. & Shankar, Bhavani & Kelley, Timothy G. & Stevenson, James R., 2014. "Impact assessment of agricultural research, institutional innovation, and technology adoption: Introduction to the special section," Food Policy, Elsevier, vol. 44(C), pages 214-217.
    18. Bert Lenaerts & Yann de Mey & Matty Demont, 2018. "Global impact of accelerated plant breeding: Evidence from a meta-analysis on rice breeding," PLOS ONE, Public Library of Science, vol. 13(6), pages 1-21, June.
    19. Bervejillo, Jose E. & Alston, Julian M. & Tumber, Kabir P., 2011. "The Economic Returns to Public Agricultural Research in Uruguay," Working Papers 162518, Robert Mondavi Institute Center for Wine Economics.
    20. Julian M. Alston & Philip G. Pardey & Xudong Rao, 2022. "Payoffs to a half century of CGIAR research," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(2), pages 502-529, March.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    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:aare06:139880. See general information about how to correct material in RePEc.

    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 bibliographic 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.

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

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.