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The Returns From Research In Australian Broadacre Agriculture

Author

Listed:
  • Mullen, John D.
  • Cox, Thomas L.

Abstract

Many people share the view that too little is invested in R & D in agriculture. The relationship between several measures of productivity and research expenditure was estimated using data from ABARE's surveys of broadacre industries and a new data series on R & D expenditure for the period 1953 to 1988. The internal rate of return to research was estimated to be in the range of 15 to 40 percent which does not provide strong evidence that Australia is either under- or over-investing in public research.

Suggested Citation

  • Mullen, John D. & Cox, Thomas L., 1995. "The Returns From Research In Australian Broadacre Agriculture," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 39(2), pages 1-24, August.
    • Handle: RePEc:ags:ajaeau:22399
    DOI: 10.22004/ag.econ.22399
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    References listed on IDEAS

    as
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    8. John D. Mullen & Julian M. Alston & Michael K. Wohlgenant, 1989. "The Impact Of Farm And Processing Research On The Australian Wool Industry," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 33(1), pages 32-47, April.
    9. Echeverría, Ruben G., 1990. "Methods for Diagnosing Research System Constraints and Assessing the Impact of Agricultural Research - Volume 1: Diagnosing Agricultural Research System Constraints," ISNAR Archive 310626, CGIAR > International Food Policy Research Institute (IFPRI).
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