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The Shifting Structure of Agricultural R&D: Worldwide Investment Patterns and Payoffs

In: From Agriscience to Agribusiness

Author

Listed:
  • Philip G. Pardey

    (University of Minnesota)

  • Julian M. Alston

    (University of California)

  • Connie Chan-Kang

    (University of Minnesota)

  • Terrance M. Hurley

    (University of Minnesota)

  • Robert S. Andrade

    (International Center for Tropical Agriculture (CIAT))

  • Steven P. Dehmer

    (Health Partners Institute)

  • Kyuseon Lee

    (University of Minnesota)

  • Xudong Rao

    (Wageningen University and Research)

Abstract

The future path and pace of agricultural productivity growth areinextricably intertwined with investments in food and agricultural research and development (R&D). Looking back over half a century of evidence, we find that the lay of the global food and agricultural R&D land is changing, with indications that we are in the midst of an historic transition. The more notable trends are as follows: (1) for the first time in modern history (in purchasing power parity, PPP, terms), the middle-income countries now outspend the rich countries in terms of public-sector investments in food and agricultural R&D; (2) the shifting public shares reflect a continuing decline in the rate of growth of food and agricultural R&D spending by the rich countries, along with a generally sustained and substantial growth in spending by the middle-income countries (especially China, India, and Brazil); (3) in PPP terms, China now spends more than the United States on both public- and private-sector food and agricultural R&D; (4) the global share of food and agricultural R&D being conducted by the private sector has increased, especially in the high- and rapidly growing middle-income countries; and (5) the low-income countries are losing ground and account for an exceptionally small share of global spending. The mean and median values of the reported rates of return to food and agricultural R&D based on the IRR are high and remain so, with no signs of a diminution in the payoffs to more recent (compared with earlier) investments in R&D. But the available evidence on the returns to food and agricultural R&D is not fully representative of the institutional (i.e., public versus private), locational, or commodity orientation of the research and the agricultural sector itself.

Suggested Citation

  • Philip G. Pardey & Julian M. Alston & Connie Chan-Kang & Terrance M. Hurley & Robert S. Andrade & Steven P. Dehmer & Kyuseon Lee & Xudong Rao, 2018. "The Shifting Structure of Agricultural R&D: Worldwide Investment Patterns and Payoffs," Innovation, Technology, and Knowledge Management, in: Nicholas Kalaitzandonakes & Elias G. Carayannis & Evangelos Grigoroudis & Stelios Rozakis (ed.), From Agriscience to Agribusiness, pages 13-39, Springer.
  • Handle: RePEc:spr:innchp:978-3-319-67958-7_2
    DOI: 10.1007/978-3-319-67958-7_2
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    Cited by:

    1. Huimin Song & Jamie M Chen & Yibin Chen, 2021. "Mediating and moderating effects in golf tourism: Evidence from Hainan Island," Tourism Economics, , vol. 27(3), pages 510-526, May.
    2. Pemsl, Diemuth E. & Staver, Charles & Hareau, Guy & Alene, Arega D. & Abdoulaye, Tahirou & Kleinwechter, Ulrich & Labarta, Ricardo & Thiele, Graham, 2022. "Prioritizing international agricultural research investments: lessons from a global multi-crop assessment," Research Policy, Elsevier, vol. 51(4).

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