| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
Agricultural R&D and Economic Growth
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| Autores: |
Dinopoulos, Elias
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| Data: |
2009-11-03
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| Ano: |
1996
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| 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
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| Resumo: |
The paper develops a dynamic general-equilibrium model of Schumpeterian growth which is fueled by industrial and agricultural R&D. The former is private and results in better production processes, whereas the latter is government-financed (public and applied) R&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&D investments. It is also used to highlight the properties of social rates of return (ROR) of R&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&D investments. This systematic bias increases with the size of the R&D project under evaluation.
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| Tipo: |
Report
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/54690
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| Relação: |
Michigan State University>Department of Agricultural, Food, and Resource Economics>Food Security International Development Working Papers
International Development Working Paper
60
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| Formato: |
41
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