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Slow magic

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  • Pardey, Philip G.
  • Beintema, Nienke M.

Abstract

Standing on the brink of a biotechnology revolution in agriculture, it is timely to take stock of the investments and institutional trends regarding agricultural R&D worldwide. In this report we assemble and assess new and updated evidence regarding investments in agricultural R&D by public and private agencies, contrasting developments in rich and poor countries.The payoffs to investments in agricultural research are considerable, and appear to remain so, but there are new policy concerns about the roles of the public and private sectors in funding and carrying out the research, especially in light of the revolutionary changes in the underlying sciences and the incentives facing research (as intellectual property regimes become stronger and international trade in science and technologies grows). This report tracks trends in agricultural R&D over the past several decades.We also put research policies in a much longer timeframe, highlighting the critical importance that the accumulated stock of scientific knowledge has on today's productivity performance and its effect on innovation and economic growth in the future.

Suggested Citation

  • Pardey, Philip G. & Beintema, Nienke M., 2001. "Slow magic," Food policy reports 13, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:fprepo:13
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    1. Alston, Julian M. & Wyatt, T. J. & Pardey, Philip G. & Marra, Michele C. & Chan-Kang, Connie, 2000. "A meta-analysis of rates of return to agricultural R & D: ex pede Herculem?," Research reports 113, International Food Policy Research Institute (IFPRI).
    2. Julian M. Alston & Philip G. Pardey & Jennifer S. James & Matthew A. Anderson, 2009. "The Economics of Agricultural R&D," Annual Review of Resource Economics, Annual Reviews, vol. 1(1), pages 537-566, September.
    3. Beintema, Nienke M. & Pardey, Philip G. & Roseboom, Johannes, 1998. "Educating agricultural researchers: a review of the role of African universities," EPTD discussion papers 36, International Food Policy Research Institute (IFPRI).
    4. Anderson, Jock R., 1998. "Selected policy issues in international agricultural research: On striving for international public goods in an era of donor fatigue," World Development, Elsevier, vol. 26(6), pages 1149-1162, June.
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