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Private R & D Investments in Agriculture: The Role of Incentives and Institutions

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  • Alfranca, O.
  • Huffman, Wallace

Abstract

he objective of this paper is to present econometric evidence of the effects of economic incentives and institutions on national aggregate private agricultural R&D investments. An econometric model of national aggregate annual private R&D investment is specified and fitted to panel data consisting of seven EU countries (Austria, Germany, Italy, The Netherlands, Portugal, Spain and Sweden) over 1984-1995. We find strong impacts of both incentives and institutions on private agricultural R&D investment. Including institutional factors strengthens the story and in some cases greatly changes the results.

Suggested Citation

  • Alfranca, O. & Huffman, Wallace, 2001. "Private R & D Investments in Agriculture: The Role of Incentives and Institutions," Staff General Research Papers Archive 5011, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:5011
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    2. Tokgoz, Simla, 2003. "R&D Spillovers In Agriculture: Results From A North-South Trade Model," 2003 Annual meeting, July 27-30, Montreal, Canada 22258, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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