Data/hora: 07/06/2024 03:49:49

Provedor de dados: | 31
País: | United States
Título: | Agricultural R&amp;D and Economic Growth
Autores: | Dinopoulos,   Elias.
Data: | 2009-11-03
Ano: | 1996
Palavras-chave: | Food security; Food policy; Research and development; Economic growth; International Development; Research and Development/Tech Change/Emerging Technologies; Downloads July 2008 - June 2009: 14; Q16.
Resumo: | The paper develops a dynamic general-equilibrium model of Schumpeterian growth which is fueled by industrial and agricultural R&amp;D. The former is private and results in better production processes, whereas the latter is government-financed (public and applied) R&amp;D and generates better crop varieties. The arrival of innovations in either sector is stochastic. The model is used to calculate the steady-state equilibrium and the growth-maximizing mix of agricultural and industrial R&amp;D investments. It is also used to highlight the properties of social rates of return (ROR) of R&amp;D which are based on partial-equilibrium calculations. These measures overestimate the true agricultural social ROR and underestimate the true industrial social ROR of R&amp;D investments. This systematic bias increases with the size of the R&amp;D project under evaluation.
Tipo: | Report
Idioma: | Inglês
Identificador: | http://purl.umn.edu/54690

Relação:

Michigan State University&gt;Department of Agricultural, Food, and Resource Economics&gt;Food Security International Development Working Papers

International Development Working Paper

60

Formato: | 41