Schimmelpfennig, D.; Thirtle, C.; Van Zyl, J.; Arnade, C.; … - 2000
This paper briefly presents the results of a total factor productivity (TFP) study of South African commercial agriculture, for 1947-1997, and illustrates some potential pitfalls in rate of return to research (ROR) calculations. The lag between R&D and TFP is analyzed and found to be only 9...