|
|
|
|
| |
|
|
| Gopinath, Munisamy; Roe, Terry L.. |
| This paper focuses on the private and social rates of return to R&D capital in the three vertically linked sectors, primary agriculture, food processing, and farm machinery and equipment. Evidence supporting a divergence between these rates is found for primary agriculture and food processing. Using a cost function approach, the private rates of return to R&D capital ranged from an average of 10.2% per annum for food processing to 22.3% for farm machinery and equipment. In the case of agriculture, the direct return to public R&D averaged 37.3% per annum. The social rates of return to R&D capital in agriculture and food processing are significantly larger than the private rates due to the existence of spillovers. While the divergence between... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Research and Development/Tech Change/Emerging Technologies; 013; 032; Q16. |
| Ano: 1996 |
URL: http://purl.umn.edu/7504 |
| |
|
|
|
