IDEAS home Printed from https://ideas.repec.org/p/ags/asae17/284816.html
   My bibliography  Save this paper

Transforming Thai Economy via Cassava Research

Author

Listed:
  • Praneetvatakul, Suwanna
  • Vijitsrikamol, Kampanat

Abstract

Agricultural research is a big business and plays an important role in country development. This work aims to estimate the economic benefit provided to the Thai economy by investments in cassava research in the past. To complete this study, secondary data regarding cassava planting area, crop production, prices and investment funds expended for cassava research were gathered from the Office of Agricultural Economics, the National Research Council of Thailand, the Thai Tapioca Development Institute, Department of Agriculture, and Kasetsart University, during the years 1976 to 2014. Based on the data, cassava area and yield response functions were evaluated. The results shows that investment in cassava research at the present, as in the past, are determined significantly by the expansion of cassava area and yield; that is, investment in cassava research helps to increase cassava yield significantly. The marginal value product of research found in the study indicates that for each dollar invested in cassava research has resulted in economic benefit of 1.63 times the cost in the short run and 2.21 times the costs in the long run. Hence, investment in cassava research is worthwhile to the Thai economy, and continuing cassava research projects is highly recommended to produce technological innovation in support to agricultural development and transformation in Thailand.

Suggested Citation

  • Praneetvatakul, Suwanna & Vijitsrikamol, Kampanat, 2017. "Transforming Thai Economy via Cassava Research," 2017 ASAE 9th International Conference, January 11-13, Bangkok, Thailand 284816, Asian Society of Agricultural Economists (ASAE).
    • Handle: RePEc:ags:asae17:284816
    DOI: 10.22004/ag.econ.284816
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/284816/files/Suwanna%20Praneetvatakul.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.284816?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
    ---><---

    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:asae17:284816. 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.

    We have no bibliographic references for this item. You can help adding them by using 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/asaeeea.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.