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	Provedor de dados AgEcon (1) Autor Fulginiti, Lilyan E. (1) Plastina, Alejandro S. (1) Palavra-chave Appropriate jurisdiction (1) C31 (1) C33 (1) H41 (1) Internal rates of return (1) Local public goods (1) Production Economics (1) Productivity Analysis (1) Public Economics (1) Public R&D (1) Q16 (1) Research and Development/Tech Change/Emerging Technologies (1) Spatial. (1) Spillins (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2009 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Rates of Return to Public Agricultural Research in 48 U.S. States AgEcon Plastina, Alejandro S.; Fulginiti, Lilyan E.. The internal rate of return to public investment in agricultural R&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 Palavras-chave: Internal rates of return; Public R&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. Ano: 2009 URL: http://purl.umn.edu/51709 Registros recuperados: 1 Primeira ... 1 ... Última

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