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Economic Impacts of Oilseed Research and Development in Bangladesh

Author

Listed:
  • Miah, M A Monayem

    (Senior Scientific Officer)

  • Shiblee, S M A

    (Senior Scientific Officer)

  • Rashid, M A

    (Principal Scientific Officer)

Abstract

This paper estimates the economic impacts of oilseed research and development (R&D) in Bangladesh. For the purpose, a total of 1,980 oilseed growing farmers are randomly selected from 11 oilseed growing districts in the country for gathering primary data using pre-tested interview schedules during 2011-12. An ex-post evaluation method using economic surplus model under both closed and small-open market economy situations has been adopted to estimate the rate of returns of investment in oilseeds R&D. The adoption of improved mustard, groundnut, sesame and soybean varieties at the farm level creates an additional employment of 12.7, 11.6, 15.4, and 6.1 man-days/ha for the respondent farmers respectively. The livelihood status of the adopting households is much better than that of non-adopting households. Ex-post evaluation of the past investment on oilseeds R&D reveals an IRR of 24 per cent, which ranges from 22 per cent to 26 per cent under different assumptions. The amounts of NPV and foreign exchange savings due to R&D of oilseeds during 1998-2012 are Tk. 4,769.04 million and US$ 97.11 million respectively.

Suggested Citation

  • Miah, M A Monayem & Shiblee, S M A & Rashid, M A, 2015. "Economic Impacts of Oilseed Research and Development in Bangladesh," Bangladesh Development Studies, Bangladesh Institute of Development Studies (BIDS), vol. 38(01), pages 1-31, March.
    • Handle: RePEc:ris:badest:0776
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    References listed on IDEAS

    as
    1. Hossain, Md. Ismail & Miah, M.A.M. & Akbar, Md. Ali, 2002. "Impact Of Maize Research And Extension In Bangladesh," Bangladesh Journal of Agricultural Economics, Bangladesh Agricultural University, vol. 25(1), pages 1-17, June.
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    5. Joseph G. Nagy & W. Hartley Furtan, 1978. "Economic Costs And Returns From Crop Development Research: The Case Of Rapeseed Breeding In Canada," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 26(1), pages 1-14, February.
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    Cited by:

    1. Arifa Jannat & Kentaka Aruga & Jun Furuya & Miyuki Iiyama, 2022. "Investigating the Impact of International Markets on Imported and Exported Non-Cereal Crops in Bangladesh," Agriculture, MDPI, vol. 12(6), pages 1-16, June.

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    More about this item

    Keywords

    Oilseeds; Economic Surplus Model; Research and Development; IRR; NPV; BCR; Foreign Exchange Savings;
    All these keywords.

    JEL classification:

    • Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services

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