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Agricultural R&D investment, knowledge stocks and productivity growth in Latin America and the Caribbean:

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  • Nin-Pratt, Alejandro
  • Falconi, César A.

Abstract

Between 2001 and 2012, Latin America and the Caribbean’s (LAC) agriculture saw its best performance of the last 30 years. Given the importance of agricultural R&D investment to sustain agricultural growth in the future, this study looks at the state of agricultural R&D investment in LAC, and analyzes the role that this investment played in the performance of agriculture in recent years. This is done by developing a new approach for the estimation of knowledge stocks that allow us to obtain R&D elasticities and measures of return to R&D investment that avoid some of the major problems encountered in the literature that uses econometric methods.

Suggested Citation

  • Nin-Pratt, Alejandro & Falconi, César A., 2018. "Agricultural R&D investment, knowledge stocks and productivity growth in Latin America and the Caribbean:," IFPRI discussion papers 1730, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:ifprid:1730
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    Keywords

    LATIN AMERICA; CARIBBEAN; agriculture; agricultural research; investment; agricultural development; agricultural research systems; public expenditure; diffusion of research; knowledge stock; total factor productivity; O13 Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Product; O32 Management of Technological Innovation and R&; D; O33 Technological Change: Choices and Consequences; Diffusion Processes; Q16 Agricultural R&; D; Agricultural Technology; Biofuels; Agricultural Extension Services;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services

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