R&D investment in national and international agricultural research
This paper estimates required investment and its allocation among different regions to maximize agricultural output gains and poverty reduction. The analysis uses a social welfare function to simulate the optimal allocation of research and development (R&D) investment across developing regions (1) to maximize agricultural growth or (2) to maximize poverty reduction at the global level. Due to uncertainties of the parameters used, we conducted sensitivity analyses to evaluate the effect of different values of R&D and poverty elasticities on the optimal allocation of R&D investment across regions. Our simulation results are robust for a wide range of parameters and show that to maximize agricultural output growth in developing countries, R&D investment should be allocated mainly to Southeast Asia and South Asia, whereas to maximize poverty reduction, priority should be given to Sub-Saharan Africa and South Asia.
|Date of creation:||2010|
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- Shenggen Fan & Xiaobo Zhang, 2008.
"Public Expenditure, Growth and Poverty Reduction in Rural Uganda,"
African Development Review,
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- Fan, Shenggen & Zhang, Xiaobo & Rao, Neetha, 2004. "Public expenditure, growth, and poverty reduction in rural Uganda," DSGD discussion papers 4, International Food Policy Research Institute (IFPRI).
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- 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).
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- Harrison, Glenn W & Vinod, H D, 1992. "The Sensitivity Analysis of Applied General Equilibrium Models: Completely Randomized Factorial Sampling Designs," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 357-362, May.
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- Pardey, Philip G. & Beintema, Nienke M. & Dehmer, Steven & Wood, Stanley, 2006. "Agricultural research: a growing global divide?," Food policy reports 17, International Food Policy Research Institute (IFPRI).
- Shenggen Fan & Xiaobo Zhang & Sherman Robinson, 2003. "Structural Change and Economic Growth in China," Review of Development Economics, Wiley Blackwell, vol. 7(3), pages 360-377, 08. Full references (including those not matched with items on IDEAS)
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