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Economic Returns to Agricultural Research: Thailand and Indonesia

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  • Peter Warr

    (Australian National University)

Abstract

In both Thailand and Indonesia, the public sector's agricultural research investments have substantially contributed to agricultural productivity growth, as have international investments in agricultural research, through the Consortium of International Agricultural Research Centers (CGIAR) system. But both countries' own expenditures on agricultural extension failed to produce significant productivity benefits. These findings imply that the magnitude of domestic investment in agricultural research is suboptimal in both countries. This is reflected in estimated marginal rates of return to this form of expenditure of between 25 percent and 30 percent per annum in real terms, well above the rates of return normally expected from public investments.

Suggested Citation

  • Peter Warr, 2023. "Economic Returns to Agricultural Research: Thailand and Indonesia," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 20(1), pages 1-12, June.
    • Handle: RePEc:sag:seajad:v:20:y:2023:i:1:p:1-12
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    agricultural research; Thailand; Indonesia; error correction mechanism;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes

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