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...

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)...

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...

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

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 -...