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Estimates Of Potential Returns From Added Research Budget For The Land Grant Universities

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  • Easter, K. William
  • Norton, George W.

Abstract

This paper briefly reviews approaches that have been used to assess returns to U.S. agricultural research and explains the usefulness of benefit cost analysis in such evaluations. Benefit-cost analysis is applied to the Land Grant Universities federal budget requests for additional funds for corn and soybean research in the North Central region. Finally, the problems involved in applying a similar analysis to livestock and rural development research are discussed

Suggested Citation

  • Easter, K. William & Norton, George W., 1976. "Estimates Of Potential Returns From Added Research Budget For The Land Grant Universities," Staff Papers 13464, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13464
    DOI: 10.22004/ag.econ.13464
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    References listed on IDEAS

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    1. C. R. Shumway & R. J. McCracken, 1975. "Use of Scoring Models in Evaluating Research Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 714-718.
    2. 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.
    3. Donald R. Kaldor, 1966. "A Framework far Establishing Research Priorities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(5), pages 1629-1638.
    4. Willis L. Peterson, 1967. "Discussion: The PPB Approach to Research Evaluation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(5), pages 1434-1436.
    5. Robert Evenson, 1967. "The Contribution of Agricultural Research to Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(5), pages 1415-1425.
    6. C. Richard Shumway, 1973. "Allocation of Scarce Resources to Agricultural Research: Review of Methodology," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(4_Part_1), pages 557-566.
    7. John Fedkiw & Howard W. Hjort, 1967. "The PPB Approach to Research Evaluation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(5), pages 1426-1434.
    8. Willis L. Peterson, 1967. "Return to Poultry Research in the United States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(3), pages 656-669.
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