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| Nieuwoudt, T.W.; Nieuwoudt, W. Lieb. |
| Given demands on public funding, the question arises whether agricultural research should be the responsibility of the public or private sectors, or whether the state should play a facilitating role. These issues are studied using the management and success of R&D in the South African Sugar Industry as an example. The usual answer is that research should be publicly funded if it is a public good and privately funded if a private good. It is shown that even if aspects of research have clear public good characteristics, then it is still possible to internalise externalities. Sugar cane farmers pay a levy of about 1.0% of the value of the crop to finance their R&D package, which includes research, training and extension. The sugar growers decide on... |
| Tipo: Journal Article |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2004 |
URL: http://purl.umn.edu/9487 |
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| Nieuwoudt, W. Lieb; Nieuwoudt, T.W.. |
| The rate of return (ROR) on R&D in the South African Sugar Industry is estimated from a Ridge Regression of a production function of time series data for the period 1925 to 2001. The Industry has kept records on R&D expenditure, yields, rainfall and related factors over a 75-year period. Sugar cane yield was measured in tons sucrose to account for quality improvement. In this function, R&D expenditure lagged three years was significant (t = 6.5) in explaining increased sucrose production per ha. Other highly significant variables in this model were rainfall (t = 5.2) and real cost of production (t = 8.4). A dummy interaction with R&D was significant (t = 2.9) implying a greater impact for R&D technology during the period 1959 to 1975... |
| Tipo: Journal Article |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2004 |
URL: http://purl.umn.edu/9477 |
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