000197728 001__ 197728
000197728 005__ 20180122235738.0
000197728 037__ $$a997-2016-77949
000197728 041__ $$aen_US
000197728 245__ $$aAssessing Returns to R&D Expenditures on Post-War Japanese Agricultural Production
000197728 260__ $$c1992
000197728 269__ $$a1992
000197728 300__ $$a8
000197728 336__ $$aConference Paper/ Presentation
000197728 520__ $$aThe objective of this paper is to disentangle the question of the influence of R&D investment on resource allocation efficiency and income distribution in Japanese agriculture during 1960-87.  The average marginal product of R&D stock as estimated by the cost function approach is calculated to be 4.47 at 1985 prices and 1.84 at current prices, and the internal rates of returns are 45.6 percent and 33.9 percent.  In spite of their high profit-earning efficiency, they have drawn near to the profitability criterion, the current interest rate.  Although technical progress induced by R&D activities increases social welfare without fail, its distribution among customers and producers depends, to a large extent, on market circumstances.  The empirical results suggest that consumer and producer economic surpluses have collided with respect to the allocation of R&D investment.
000197728 542__ $$fLicense granted by Allison Hasslen (hassl020@umn.edu) on 2015-02-04T16:00:46Z (GMT):

<center>  <h2> Deposit Agreement </h2> </center>
I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;).
I represent that the work is original and that I either own all rights of copyright 
or have the right to deposit the copy in a digital archive such as AgEcon Search. 
I represent that in regard to any non-original material included in the Work I have
secured written permission of the copyright owner (s) for this use or believe this 
use is allowed by law. I further represent that I have included all appropriate 
credits and attributions. I hereby grant the Regents of the University of Minnesota
(&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, 
and distribute the Work, in whole or in part, for the purposes of security, preservation,
and perpetual access. I grant the University a limited, non-exclusive right to make
derivative works for the purpose of migrating the Work to other media or formats in
order to preserve access to the Work. I do not transfer or intend to transfer any 
right of copyright or other intellectual property to the University. If the Deposit 
Agreement is executed by the Author�s Representative, the Representative shall separately
execute the following representation: I represent that I am authorized by the Author
to execute this Deposit Agreement on behalf of the Author.

000197728 650__ $$aAgribusiness
000197728 650__ $$aAgricultural Finance
000197728 650__ $$aLivestock Production/Industries
000197728 700__ $$aIto, Jyunichi
000197728 773__ $$o21$$q14
000197728 8564_ $$s574836$$uhttp://ageconsearch.umn.edu/record/197728/files/agecon-occpapers-1992-004_1_.pdf
000197728 887__ $$ahttp://purl.umn.edu/197728
000197728 909CO $$ooai:ageconsearch.umn.edu:197728$$pGLOBAL_SET
000197728 912__ $$nSubmitted by Allison Hasslen (hassl020@umn.edu) on 2015-02-04T16:07:36Z
No. of bitstreams: 1
agecon-occpapers-1992-004[1].pdf: 574836 bytes, checksum: 885b3908e577e683722d9d21c846e430 (MD5)
000197728 912__ $$nMade available in DSpace on 2015-02-04T16:07:36Z (GMT). No. of bitstreams: 1
agecon-occpapers-1992-004[1].pdf: 574836 bytes, checksum: 885b3908e577e683722d9d21c846e430 (MD5)
  Previous issue date: 1992
000197728 982__ $$gInternational Association of Agricultural Economists>1992 Occasional Paper Series No. 6
000197728 980__ $$a997