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A Comparison Of Alternative Procedures For Calculating The Rate Of Return To Agricultural Research Using The Production Function Approach

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  • Davis, Jeffrey S.

Abstract

The aim of this paper is to test whether the marginal internal rate of return (MIRR) to research and extension estimates are sensitive to the estimation procedure used to find them. To achieve this, a summary of the previously used estimation procedures is made. Following this a cross section aggregate production function estimate is developed for the U.S. in 1964. The parameter estimates from this model are used to calculate the MIRR's using the different estimation procedures.

Suggested Citation

  • Davis, Jeffrey S., 1979. "A Comparison Of Alternative Procedures For Calculating The Rate Of Return To Agricultural Research Using The Production Function Approach," Staff Papers 13673, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13673
    DOI: 10.22004/ag.econ.13673
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    File URL: https://ageconsearch.umn.edu/record/13673/files/21359.pdf
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    Cited by:

    1. 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.
    2. Vernon Ruttan, 1980. "Bureaucratic productivity: The case of agricultural research," Public Choice, Springer, vol. 35(5), pages 529-547, January.

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