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Agricultural R&D Lags from a Dual Perspective AgEcon
Yao, Xiaojia; Andersen, Matthew A..
This study examines the role of public agricultural research and development (R&D) in the process of knowledge production and productivity growth in U.S. agriculture from a new perspective. The seminal work of Griliches (1967) established the relationship between investments in R&D, the process of knowledge production, and the productivity enhancing benefits they create. In the literature on estimating knowledge production functions measures of multi-factor productivity (MFP) are regressed against measures of knowledge stocks, thereby enabling the researcher to quantify the relationship between the stream of investment expenditures and the productivity enhancing benefits they produce. A critical aspect of this research involves how to handle...
Tipo: Conference Paper or Presentation Palavras-chave: Multi-factor Productivity; Dual estimates; Public R&D; Lag distribution; Agricultural and Food Policy; Productivity Analysis.
Ano: 2010 URL: http://purl.umn.edu/61819
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