IDEAS home Printed from https://ideas.repec.org/a/ris/badest/0776.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: http://bids.org.bd/uploads/publication/BDS/38/38-1/1_Economic%20Impacts%20of%20Oilseed%20Research.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Masakatsu Akino & Yujiro Hayami, 1975. "Efficiency and Equity in Public Research: Rice Breeding in Japan's Economic Development: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 734-735.
    2. 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.
    3. Currie, John Martin & Murphy, John A & Schmitz, Andrew, 1971. "The Concept of Economic Surplus and its Use in Economic Analysis," Economic Journal, Royal Economic Society, vol. 81(324), pages 741-799, December.
    4. A. K. Enamul Haque & Glenn Fox & George L. Brinkman, 1989. "Product Market Distortions and the Returns to Federal Laying-Hen Research in Canada," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 37(1), pages 29-46, March.
    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.
    6. Masakatsu Akino & Yujiro Hayami, 1975. "Efficiency and Equity in Public Research: Rice Breeding in Japan's Economic Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(1), pages 1-10.
    7. Morris, Michael L. & Dubin, H. J. & Pokhrel, Thaneswar, 1994. "Returns to wheat breeding research in Nepal," Agricultural Economics, Blackwell, vol. 10(3), pages 269-282, May.
    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. 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.

    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. Vere, David T. & Sinden, Jack A. & Campbell, M.H., 1980. "Social Benefits of Serrated Tussock Control in New South Wales," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 56(03), pages 1-16, December.
    2. Michael Harris & Alan Lloyd, 1991. "The Returns to Agricultural Research and the Underinvestment Hypothesis ‐ A Survey," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 24(3), pages 16-27, July.
    3. Edwards, Geoff W. & Freebairn, John W., 1982. "The Social Benefits from an Increase in Productivity in a Part of an Industry," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 50(02), pages 1-18, August.
    4. Scobie, Grant M., 1976. "Who Benefits From Agricultural Research?," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 44(04), pages 1-6, December.
    5. Jarrett, Frank G. & Lindner, Robert K., 1977. "Research Benefits Revisited," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 45(04), pages 1-12, December.
    6. Hasan, M.K. & Mahmud, M.A.A., 2014. "The Contribution Of Turmeric Research And Development In The Economy Of Bangladesh: An Ex-Post Analysis," International Journal of Agricultural Research, Innovation and Technology (IJARIT), IJARIT Research Foundation, vol. 4(1), June.
    7. Nagy, Joseph G., 1983. "Estimating the Yield Advantage of High Yielding Wheat Varieties: The Use of On-Farm Yield Constraints Data," Bulletins 8428, University of Minnesota, Economic Development Center.
    8. Widmer, Lorne & Fox, Glenn & Brinkman, George, 1987. "The Rate of Return to Beef Cattle Research in Canda," Working Papers 244821, University of Guelph, Department of Food, Agricultural and Resource Economics.
    9. Hasan, Md. Kamrul & Banik, Bhagya Rani, 2015. "Economic Cost and Returns from Research and Development: The Case of Chili in Bangladesh," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 12(1), pages 1-13, June.
    10. Smith, Anna Rickett & Dorfman, Jeffrey H., 2002. "An Economic Evaluation Of Cotton And Peanut Research In Southeastern United States," 2002 Annual meeting, July 28-31, Long Beach, CA 19900, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Morris, M. L. & Heisey, P. W., 2003. "Estimating the benefits of plant breeding research: methodological issues and practical challenges," Agricultural Economics, Blackwell, vol. 29(3), pages 241-252, December.
    12. Arega D. Alene & Abebe Menkir & S. O. Ajala & B. Badu‐Apraku & A. S. Olanrewaju & V. M. Manyong & Abdou Ndiaye, 2009. "The economic and poverty impacts of maize research in West and Central Africa," Agricultural Economics, International Association of Agricultural Economists, vol. 40(5), pages 535-550, September.
    13. Daniel F. Mooney & Scott M. Swinton & Cristian Subía & Eduardo Peralta, 2022. "Returns to Disease Resistance Research When Pest Management Is an Option," Sustainability, MDPI, vol. 14(5), pages 1-15, March.
    14. Vernon Ruttan, 1980. "Bureaucratic productivity: The case of agricultural research," Public Choice, Springer, vol. 35(5), pages 529-547, January.
    15. McVey, Marty Jay, 1996. "Valuing quality differentiated grains from a total logistics perspective," ISU General Staff Papers 1996010108000012326, Iowa State University, Department of Economics.
    16. Midingoyi, Soul-kifouly & Hippolyte, Affognon & Georges, Ong'amo & Bruno, LeRu, 2015. "Economic Welfare Change Attributable to Biological Control of Lepidopteran Cereal Stemborer Pests in East and Southern Africa: Cases of Maize and Sorghum in Kenya, Mozambique and Zambia," 2015 Conference, August 9-14, 2015, Milan, Italy 212461, International Association of Agricultural Economists.
    17. Mazzucato, Valentina & Ly, Samba, 1994. "An Economic Analysis of Research and Technology Transfer of Millet, Sorghum, and Cowpeas in Niger," Food Security International Development Working Papers 54730, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    18. Norton, George W. & Davis, Jeffrey S., 1979. "Review Of Methods Used To Evaluate Returns To Agricultural Research," Staff Papers 13520, University of Minnesota, Department of Applied Economics.
    19. Williams, Gary W. & Shumway, C. Richard & Love, H. Alan, 2002. "Returns to Soybean Producers from Investments in Promotion and Research," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 31(1), pages 1-15, April.
    20. 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.

    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

    Statistics

    Access and download statistics

    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:ris:badest:0776. 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: Meftaur Rahman, Cheif Publication Officer, BIDS (email available below). General contact details of provider: https://edirc.repec.org/data/bidssbd.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.