IDEAS home Printed from https://ideas.repec.org/a/ags/nejare/28816.html
   My bibliography  Save this article

The Returns To Agricultural Research In Maine: The Case Of A Small Northeastern Experiment Station

Author

Listed:
  • Leiby, James D.
  • Adams, Gregory D.

Abstract

Estimates of the marginal internal rate of return to expenditures for research by the Maine Agricultural Experiment Station are presented. Estimates are performed using ridge regression under an array of specifications, including alternative functional forms, lag structures, costs of public funds, and variable specifications. The results are consistent with many previous results that imply an underinvestment in agricultural research.

Suggested Citation

  • Leiby, James D. & Adams, Gregory D., 1991. "The Returns To Agricultural Research In Maine: The Case Of A Small Northeastern Experiment Station," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 20(1), pages 1-14, April.
    • Handle: RePEc:ags:nejare:28816
    DOI: 10.22004/ag.econ.28816
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/28816/files/20010001.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.28816?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Julian M. Alston & Brian H. Hurd, 1990. "Some Neglected Social Costs of Government Spending in Farm Programs," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(1), pages 149-156.
    2. Willis L. Peterson, 1967. "Return to Poultry Research in the United States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(3), pages 656-669.
    3. Robert Evenson, 1967. "The Contribution of Agricultural Research to Production," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(5), pages 1415-1425.
    4. Norton, George W. & Coffey, Joseph D. & Frye, E. Berrier, 1984. "Estimating Returns To Agricultural Research, Extension, And Teaching At The State Level," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 16(1), pages 1-8, July.
    5. Sundquist, W. Burt & Cheng, Cheng-Ge & Norton, George W., 1981. "Measuring Returns to Research Expenditures for Corn, Wheat and Soybeans," Evaluation of Agricultural Research, Proceedings of a Workshop, Minneapolis, MN, May 12-13, 1980, Miscellaneous Publication 8 49022, University of Minnesota, Agricultural Experiment Station.
    6. Glenn Fox, 1985. "Is the United States Really Underinvesting in Agricultural Research?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(4), pages 806-812.
    7. Jeffrey S. Davis, 1980. "A note on the use of Alternative lag structures For research expenditure in aggregate production function models," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 28(2), pages 72-76, July.
    8. Robert Latimer & Don Paarlberg, 1965. "Geographic Distribution of Research Costs and Benefits," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(2), pages 234-241.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alston, Julian M. & Pardey, Philip G., 2000. "Reassessing Research Returns: Attribution and Related Problems," 2000 Conference, August 13-18, 2000, Berlin, Germany 197205, International Association of Agricultural Economists.
    2. Stavroula Malla & Richard Gray & Peter Phillips, 2004. "Gains to Research in the Presence of Intellectual Property Rights and Research Subsidies," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(1), pages 63-81.
    3. Pardey, Philip G. & Alston, Julian M. & Ruttan, Vernon W., 2010. "The Economics of Innovation and Technical Change in Agriculture," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 939-984, Elsevier.
    4. Alston, Julian M. & Pardey, Philip G. & Ruttan, Vernon W., 2008. "Research Lags Revisited: Concepts and Evidence from U.S. Agriculture," Staff Papers 50091, University of Minnesota, Department of Applied Economics.
    5. Alston, Julian M. & Pardey, Philip G., 2001. "Attribution and other problems in assessing the returns to agricultural R&D," Agricultural Economics, Blackwell, vol. 25(2-3), pages 141-152, September.
    6. Alston, Julian M., 2002. "Spillovers," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 46(3), pages 1-32.
    7. Gray, Richard S. & Malla, Stavroula & Phillips, Peter W.B., 2000. "Gains To Yield Increasing Research In The Evolving Canadian Canola Research Industry," Transitions in Agbiotech: Economics of Strategy and Policy, June 24-25, 1999, Washington, D.C. 26004, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thirtle, C. & Bottomley, P., 1988. "Explaining Total Factor Productivity Change: Returns to R & D in U.K. Agricultural Research," Manchester Working Papers in Agricultural Economics 232809, University of Manchester, School of Economics, Agricultural Economics Department.
    2. Pardey, Philip G. & Alston, Julian M. & Ruttan, Vernon W., 2010. "The Economics of Innovation and Technical Change in Agriculture," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 939-984, Elsevier.
    3. Alston, Julian M. & Pardey, Philip G., 2001. "Attribution and other problems in assessing the returns to agricultural R&D," Agricultural Economics, Blackwell, vol. 25(2-3), pages 141-152, September.
    4. E. Pasour & Marc Johnson, 1982. "Bureaucratic productivity: The case of agricultural research revisited," Public Choice, Springer, vol. 39(2), pages 301-317, January.
    5. Alston, Julian M. & Pardey, Philip G., 2000. "Reassessing Research Returns: Attribution and Related Problems," 2000 Conference, August 13-18, 2000, Berlin, Germany 197205, International Association of Agricultural Economists.
    6. Rausser, Gordon C. & de Janvry, Alain & Schmitz, Andrew & Zilberman, David D., 1980. "Principal issues in the evaluation of public research in agriculture," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt74v9m7dh, Department of Agricultural & Resource Economics, UC Berkeley.
    7. Capps, Oral, Jr. & Williams, Gary W., 2006. "The Economic Effectiveness of the Cotton Checkoff Program," Reports 90753, Texas A&M University, Agribusiness, Food, and Consumer Economics Research Center.
    8. Kirsten, Johann & Pardey, Philip & Thirtle, Colin, 2019. "Recalibrating South African agricultural growth: Frikkie Liebenberg in Memoriam," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 58(1), March.
    9. Pedro Andres Garzon Delvaux & Heinrich Hockmann & Peter Voigt & Pavel Ciaian & Sergio Gomez y Paloma, 2018. "The impact of private R&D on the performance of food-processing firms: Evidence from Europe, Japan and North America," JRC Research Reports JRC104144, Joint Research Centre.
    10. Alejandro Plastina & Lilyan Fulginiti, 2012. "Rates of return to public agricultural research in 48 US states," Journal of Productivity Analysis, Springer, vol. 37(2), pages 95-113, April.
    11. Andersen, Matthew A., 2019. "Knowledge productivity and the returns to agricultural research: a review," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 63(2), April.
    12. Thirtle, Colin, 1986. "The Production Function Approach to the Relationship Between Productivity Growth and R & D," Manchester Working Papers in Agricultural Economics 232791, University of Manchester, School of Economics, Agricultural Economics Department.
    13. Zachariah, Oswald E. R. & Fox, Glenn & Brinkman, George L., 1988. "The Returns to Broiler Research in Canada: 1968 to 1984," Department of Agricultural Economics and Business 258611, University of Guelph.
    14. Easter, K. William & Norton, George W., 1976. "Estimates Of Potential Returns From Added Research Budget For The Land Grant Universities," Staff Papers 13464, University of Minnesota, Department of Applied Economics.
    15. A. A. Araji, 1990. "The functions, focus, and productivity of the state agricultural experiment stations in the United States," Agribusiness, John Wiley & Sons, Ltd., vol. 6(6), pages 633-642.
    16. Alston, Julian M. & Pardey, Philip G. & Ruttan, Vernon W., 2008. "Research Lags Revisited: Concepts and Evidence from U.S. Agriculture," Staff Papers 50091, University of Minnesota, Department of Applied Economics.
    17. Huot, Marie-France & Fox, Glenn & Brinkman, George, 1988. "The Returns to Canadian Federal Swine Research - 1968 to 1984," Department of Agricultural Economics and Business 258612, University of Guelph.
    18. Runge, C. Ford, 2006. "Agricultural Economics: A Brief Intellectual History," Staff Papers 13649, University of Minnesota, Department of Applied Economics.
    19. 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.
    20. Thomas, Greg & Fox, Glenn & Brinkman, George L. & Oxley, Jamie & Gill, Ravinderpal & Junkins, Bruce, 2000. "An Economic Analysis Of The Return To Canadian Swine Research - 1974-1997," Working Papers 34113, University of Guelph, Department of Food, Agricultural and Resource Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nejare:28816. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/nareaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.