We develop a new partial equilibrium, four-region world trade model for the soybean complex comprising soybeans, soybean oil, and soybean meal. In the model, some consumers view genetically modified Roundup Ready (RR) soybeans and products as weakly inferior to conventional ones; the RR seed is...

This paper presents econometric evidence of the effects of economic incentives and institutions on national aggregate private agricultural R&D investments. A model is proposed and fitted to annual data for seven European Union countries, 1984-1995. We find strong impacts of both incentives and...

This paper presents one of the first systematic treatments of economic incentives in the management of academic research and major inefficiencies in common funding mechanisms. Building on well-known but unusual attributes of research whereby the research payoff is only the “"best”" of...

The primary focus of this paper is the impact of knowledge creation and innovative activity on non-farm employment growth. Non-farm employment growth is modeled in a stylized model where new knowledge and local economic externalities are key factors driving technology growth. For our empirical...

It is very important to work with data, information and knowledge correctly, when a decision model is used as a support for managerial decision-making. Unfortunately, these terms are understood differently in various branches; particularly, the definitions of knowledge are very different. It...

This paper examines two models of interaction between private and public institutions in respectto the process of innovation. While private firms adopt proactive strategies and public institutionsfollow it is considered that, under certain conditions, public institutions are theinnovator and...

The aim of this work has been to inquire into possible connections between competitive strategiesand inclination to innovation, through an analysis of a sample of Italian agri-food enterprisesbehaviours. Particularly, some firm’s innovation strategies have been analysed, inquiringinto a set of...

The goal of this study is to investigate the price relationship of EU biofuel market with other main markets inboth horizontal level and vertical level. We first carry out Granger causality between ethanol price of EU,USA and Brazil. Secondly, we use vecto error cointegration Mechnism (VECM) to...

The welfare effects of GM (genetic modification)-led productivity growth for cassava producers are partly affected by the characteristics of individual cassava producing households. Those household characteristics include the elasticity of production and home consumption of cassava. Some studies...

Effective socio-economic service delivery is vital for alleviating poverty in developing countries.Increased financial support without complementary investment in service delivery mechanisms oftenresults in little or no impact. This paper contributes to the discussion on how to maximize the...