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Finance, Organization, and Impacts of U.S. Agricultural Research: Future Prospects

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  • Huffman, Wallace E.

Abstract

The objective of this paper is to review key conceptual issues in the finance, management, and economic impact analysis of agricultural research of the U.S. and other western developed countries, to critique evidence on the impacts of R&D, to summarize new developments and emerging trends in agricultural science policy, and to speculate about the likely effect of these trends during the 21st century on impacts of R&D. The conceptual review emphasizes refinements in the theory of public goodsassociated with a class of impure publicgoods. Some overall conclusions are presented for U.S. agricultural research policy of the 21st century
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Suggested Citation

  • Huffman, Wallace E., 2001. "Finance, Organization, and Impacts of U.S. Agricultural Research: Future Prospects," Staff General Research Papers Archive 5330, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:5330
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    1. Wallace E. Huffman & Robert E. Evenson, 1989. "Supply and Demand Functions for Multiproduct U.S. Cash Grain Farms: Biases Caused by Research and Other Policies," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(3), pages 761-773.
    2. Olson, Mancur, Jr, 1969. "The Principle of "Fiscal Equivalence": The Division of Responsibilities among Different Levels of Government," American Economic Review, American Economic Association, vol. 59(2), pages 479-487, May.
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    5. Alvin Ulrich & Hartley Furtan & Andrew Schmitz, 1986. "Public and Private Returns from Joint Venture Research: An Example from Agriculture," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 101(1), pages 103-129.
    6. Carlson, Gerald A. & Marra, Michele C. & Hubbell, Bryan J., 1997. "Transgenic Technology for Crop Protection: The New "Super Seeds"," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 12(3), pages 1-6.
    7. Wright, Brian Davern, 1983. "The Economics of Invention Incentives: Patents, Prizes, and Research Contracts," American Economic Review, American Economic Association, vol. 73(4), pages 691-707, September.
    8. V. Eldon Ball & Jean-Christophe Bureau & Richard Nehring & Agapi Somwaru, 1997. "Agricultural Productivity Revisited," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1045-1063.
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    Cited by:

    1. Huffman, Wallace E., 1999. "New Insights on the Organization of Agricultural Research: Theory and Evidence for Western Developed Countries," ISU General Staff Papers 199907010700001319, Iowa State University, Department of Economics.
    2. Heisey, Paul W. & Lantican, Maximina A. & Dubin, H. Jesse, 2002. "Impacts of International Wheat Breeding Research in Developing Countries, 1966-97," Impact Studies 7653, CIMMYT: International Maize and Wheat Improvement Center.

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