Aggregate Private R&D Investments in Agriculture: The Role of Incentives, Public Policies, and Institutions

dc.contributor.author Alfranca, Oscar
dc.contributor.author Huffman, Wallace
dc.contributor.department Department of Economics (LAS)
dc.date 2018-02-18T01:51:40.000
dc.date.accessioned 2020-06-30T02:06:35Z
dc.date.available 2020-06-30T02:06:35Z
dc.date.copyright Wed Jan 01 00:00:00 UTC 2003
dc.date.issued 2003-10-01
dc.description.abstract <p>Most observers have come to agree that Research and Development (R&D) is fundamental to the innovations that take place in advanced countries and that drive growth and development around the world. This is equally true for agricultural R&D, which has substantially increased the supply of food and fiber over time. Given the evident importance of agricultural R&D, we look at the forces that determine the amount of privately funded research in this vital sector using a sample of European countries. We construct indicators of private incentives, property rights, and publicly funded research in the various countries. Private research has grown with unusual speed in recent years and offers the prospect of advances in the quality of agricultural goods as well as reductions in their costs. Furthermore, considerable interest exists in knowing how changes in private and public research expenditures are related empirically; for example, are they complements or substitutes?1 If they are substitutes, then additional private agricultural R&D expenditures may not result in larger total agricultural research expenditures.</p>
dc.description.comments <p>This article is from <em>Economic Development and Cultural Change </em>52 (2003): 1, doi: <a href="http://dx.doi.org/10.1086/380585" target="_blank">10.1086/380585</a>. Posted with permission.</p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/econ_las_pubs/369/
dc.identifier.articleid 1364
dc.identifier.contextkey 9425793
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_las_pubs/369
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/21576
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/econ_las_pubs/369/2003_Huffman_AggregatePrivate.pdf|||Fri Jan 14 23:48:42 UTC 2022
dc.source.uri 10.1086/380585
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Econometrics
dc.subject.disciplines Economic Theory
dc.subject.disciplines International Economics
dc.title Aggregate Private R&D Investments in Agriculture: The Role of Incentives, Public Policies, and Institutions
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isAuthorOfPublication d9eff576-b4ca-4da5-942d-c21c96bcb303
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
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