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Volume 32, Number 03, December 2007 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/7075
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| Title: | The Effect of Innovation on Agricultural and Agri-food Exports in OECD Countries |
| Authors: | Ghazalian, Pascal L.
Furtan, William Hartley |
| Keywords: | agriculture
food
gravity equation
innovation
OECD
R&D |
| Issue Date: | 2007-12 |
| Abstract: | This paper investigates the effect of innovation on primary agricultural and processed food product exports among the Organization for Economic Cooperation and Development (OECD) countries. A theoretical gravity equation that accounts for innovation is derived. The empirical exercise uses panel data sets covering 21 OECD countries for the period 1990-2003. The R&D capital stock is employed as a tangible way of measuring innovation. Empirical results show that R&D has enhanced exports in the primary agricultural sector. Meanwhile, the market expansion effect of R&D appears to be more than offset by the market power effect in the food processing sector, resulting in a decrease in exports. Also, evidence was found of a positive vertical channeling effect through which R&D in the primary agricultural sector increases exports of processed food products. |
| URI: | http://purl.umn.edu/7075 |
| Institution/Association: | Journal of Agricultural and Resource Economics>Volume 32, Number 03, December 2007 |
| Total Pages: | 14 |
| From Page: | 448 |
| To Page: | 461 |
| Collections: | Volume 32, Number 03, December 2007
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