Data/hora: 09/06/2024 02:59:30

Provedor de dados: | 31
País: | United States
Título: | Rates of Return to Public Agricultural Research in 48 U.S. States
Autores: | Plastina,   Alejandro S.; Fulginiti,   Lilyan E.
Data: | 2009-06-29
Ano: | 2009
Palavras-chave: | Internal rates of return; Public R&amp;D; Spillins; Local public goods; Appropriate jurisdiction; Spatial.; Production Economics; Productivity Analysis; Public Economics; Research and Development/Tech Change/Emerging Technologies; Q16; H41; C33; C31.
Resumo: | The internal rate of return to public investment in agricultural R&amp;D is estimated for each of the continental U.S. states. Theoretically, our contribution provides a way of obtaining the returns to a local public good using Rothbart’s concept of virtual prices. Empirically, we use the spatial dependency among states generated by knowledge spillovers to define the ‘appropriate’ jurisdiction. We estimate an average own-state rate of 17% and a social rate of 27%. These figures should inform the policy debate on the allocation of federal funds to research in anticipation of a possible global food crisis.
Tipo: | Conference Paper or Presentation
Idioma: | Inglês
Identificador: | http://purl.umn.edu/51709

Relação:

International Association of Agricultural Economists&gt;2009 Conference, August 16-22, 2009, Beijing, China

Contributed Paper

3

Formato: | 43