We use newly constructed data to model and measure agricultural productivity growth and the returns to public agricultural research conducted in Uruguay over the period 1961–2010. We pay attention specifically to the role of levy-based funding under INIA, which was established in 1990. Our...

Previous work on the rate of return to public agricultural research for the United States has neglected private agricultural research expenditures. This study, which factors in production variables like weather and the shifting health of national economy over a 70-year period (1915-85), does...

While higher effort in research is advocated for agriculture, there continues to be a lack of measurement of its impact in economic terms, at least in Europe. This paper seeks to assess the economic impact of public agricultural R&D investments in Europe. Different panel models are applied on 16...

We examine whether there has been a decline in the returns from Australian public investment in research on broadacre agriculture. Complementing a forthcoming paper by Mullen, we use alternative specifications for the regression equation, which employs the log of total factor productivity (TFP)...

The current paper presents a model in which public R&D stock is included as a quasi-fixed input in a variable cost function. Its price affects the long run desired level, while its shadow price indicates whether under (over) investment occurs in the short run. Two alternative R&D prices and -...

Replaced with revised version of paper 07/22/11. Former Title: Revisiting the Returns to U.S. Public Agricultural Research: New Measures, Models, Results, and Interpretation

It is argued that the observed return rates on capital at firm-level have an upward bias if firms are producing with unobserved intangible capital. Using EUKLEED, a comprehensive firm level data base for Germany, this theoretical preposition is proved empirically. Furthermore, making unobserved...

The analysis of economic efficiency is the main method of economic systems analysis. This concept is the most important qualitative indicator of the economic development, essential factor in accelerating the economic growth and is also one of the criteria for scientific substantiation of...

Investments in education are of great importance for the competitiveness of the German economy. In particular, early childhood education programs promise high returns - because children can benefit from them even years later and find it easier to acquire new skills. These are the results of...