IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2405.08159.html
   My bibliography  Save this paper

Large increases in public R&D investment are needed to avoid declines of US agricultural productivity

Author

Listed:
  • Ariel Ortiz-Bobea
  • Robert G. Chambers
  • Yurou He
  • David B. Lobell

Abstract

Increasing agricultural productivity is a gradual process with significant time lags between research and development (R&D) investment and the resulting gains. We estimate the response of US agricultural Total Factor Productivity (TFP) to both R&D investment and weather, and quantify the public R&D spending required to offset the emerging impacts of climate change. We find that offsetting the climate-induced productivity slowdown by 2050 alone requires a sustained public R&D spending growth of 5.2-7.8% per year over 2021-2050. This amounts to an additional $208-$434B investment over this period. These are substantial requirements comparable to the public R&D spending growth that followed the two World Wars.

Suggested Citation

  • Ariel Ortiz-Bobea & Robert G. Chambers & Yurou He & David B. Lobell, 2024. "Large increases in public R&D investment are needed to avoid declines of US agricultural productivity," Papers 2405.08159, arXiv.org, revised May 2024.
    • Handle: RePEc:arx:papers:2405.08159
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2405.08159
    File Function: Latest version
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2405.08159. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.