Tobin’s Q-theory of investment has been linked to firm merger activity by Jovanovic and Rousseau. They showed that firms with higher Q-values, that is the ratio of market to book values, tend to be the ones buying other firms and not the ones being acquired. Market values should theoretically...

This paper examines the economic determinants and impacts of agricultural research, particularly biotechnology research, with a view to understanding the potential of agricultural biotechnology to address the needs of the poor in developing countries. It surveys public and private agricultural...

The majority of biotech research and almost all of the commercialization of genetically engineered crops has been done by private firms based in industrialized countries. The dominance of the private sector in biotechnology research and product development has raised concern in developing...

Technological innovation is vital to enhancing agricultural productivity and reducing poverty in many developing countries. Public investment in research and development has historically driven technological change in agriculture; however, recent trends suggest that the private sector may play a...

This research addresses two questions: Why is fertilizer not yet fulfilling its potential as a major stimulus to agricultural productivity in SSA? What can be done to improve the situation? Our answers are based on an extensive review of fertilizer response, profitability, and policy literature...

To reverse the declining trends in soil fertility levels in Sub-Saharan Africa (SSA), the use of fertilizers and other land augmenting technologies needs to increase. While overall fertilizer consumption in SSA has increased by as much as 200% from 1970 levels, the growth has been highly...

The purpose of this paper is to provide a conceptual framework that can be used by agricultural leaders, administrators, policy makers, and seed program managers to (1) understand key factors affecting seed system development; and (2) compare organizational and institutional strategies for...