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Estimation of the rate of return to wine grape research and technology development expenditures in South Africa

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  • Townsend, Rob F.
  • van Zyl, Johan

Abstract

This article evaluates the impact of research and technology development in the wine grape industry in order to determine the rate of return (ROR) to these investments, and to make specific recommendations on funding. The analysis illustrates the applied and adaptive nature of the research conducted in the industry, with RORs of roughly 40 percent for R&D and extension. This is high, providing excellent motivation for increased investment in R&D.

Suggested Citation

  • Townsend, Rob F. & van Zyl, Johan, 1998. "Estimation of the rate of return to wine grape research and technology development expenditures in South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 37(2), pages 1-22, June.
    • Handle: RePEc:ags:agreko:54789
    DOI: 10.22004/ag.econ.54789
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    References listed on IDEAS

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