Publicly funded agricultural research bodies are under increasing pressure to ensure efficient allocation of resources and demonstrable returns on investment. In line with its mission to, 'maximise the economic potential of Queensland's primary industries on a sustainable basis' the Queensland...

Economists, especially agricultural economists, have undertaken extensive analysis of the gains of technological-based scientific research. This is in stark contrast to the efforts undertaken to understand the economic effects of environmental scientific research. Economic evaluation of...

Since 2004, the Queensland Department of Primary Industries and Fisheries has embarked on a rigorous evaluation of its R&D Programs, with Benefit Cost Analysis being a cornerstone of this work. The analyses conducted to date have proved to be powerful tools in internal resource re-allocation....

Research into IPM technologies has been conducted by NSW DPI for over 20 years. Evaluating the returns from investment in specific research and development projects is an important component of the NSW DPI science and research program. An economic evaluation has been conducted of IPM in managing...

Sugarcane is an important industrial crop in South China, mainly grown in Guangdong, Guangxi, Yuennan and Fujian Provinces. State farms are important cane producers. They produce about one-tenth of the nation’s total cane. These sugar companies are integrated enterprises including farm and...

The Fitzroy basin in central Queensland is the largest basin in the Great Barrier Reef catchment area. The large quantities of sediment and nutrient export are of concern and come predominantly from diffuse sources in the grazing industry. The focus of the research reported in this paper was on...

Australian research and development organizations invest substantial grower and/ or taxpayer (public) funds, on the control of weeds in broad-acre cropping using herbicide. Benefits from this research are distributed between growers, consumers and the agrichemical industry depending on the...

This study focuses on the pattern between investment in chemical inputs such as fertilizer, pesticides and herbicides and technical efficiency of farm households in Laguna, Philippines. Using a one‐stage maximum likelihood estimation procedure, the stochastic production frontier model was...

Global climate anomalies affect world economies and primary commodity prices. One of the more pronounced climate anomalies is El Niño Southern Oscillation (ENSO). In this study I examine the relationship between ENSO and world commodity prices using monthly time series of the sea-surface...

This paper develops a model of demand estimation in which consumers learn about their true preferences through consumption experiences. We develop a theoretical model of Bayesian updating, perform comparative statics over the model, and show how the theoretical model can be consistently...