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Finance, Organization, and Impacts of U.S. Agricultural Research: Future Prospects

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  • Huffman, Wallace E.

Abstract

The objective of this paper is to review key conceptual issues in the finance, management, and economic impact analysis of agricultural research of the U.S. and other western developed countries, to critique evidence on the impacts of R&D, to summarize new developments and emerging trends in agricultural science policy, and to speculate about the likely effect of these trends during the 21st century on impacts of R&D. The conceptual review emphasizes refinements in the theory of public goodsassociated with a class of impure publicgoods. Some overall conclusions are presented for U.S. agricultural research policy of the 21st century
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Suggested Citation

  • Huffman, Wallace E., 2001. "Finance, Organization, and Impacts of U.S. Agricultural Research: Future Prospects," Staff General Research Papers Archive 5330, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:5330
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    2. Huffman, Wallace E., 1999. "New Insights on the Organization of Agricultural Research: Theory and Evidence for Western Developed Countries," ISU General Staff Papers 199907010700001319, Iowa State University, Department of Economics.
    3. Heisey, Paul W. & Lantican, Maximina A. & Dubin, H. Jesse, 2002. "Impacts of International Wheat Breeding Research in Developing Countries, 1966-97," Impact Studies 7653, CIMMYT: International Maize and Wheat Improvement Center.

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