AN ANALYSIS OF EXPERIMENT STATION FUNDING DECISIONS

The decision-making process by which academic departments within an experiment station allocate funds among commodities is examined. The decision to conduct research on some commodities and not on others introduces a problem of censored dependent variables. In order to overcome this problem, a simultaneous equations model with selectivity was used; it was applied to data from the Idaho Experiment Station. The results indicated a simultaneous relationship between research funding levels and expected benefits. Marginal products of one dollar in research investment were $53.80 for applied research, and $8.49 for maintenance research.


Issue Date:
1990-12
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/32065
PURL Identifier:
http://purl.umn.edu/32065
Published in:
Western Journal of Agricultural Economics, Volume 15, Number 2
Page range:
282-290
Total Pages:
9




 Record created 2017-04-01, last modified 2018-01-22

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)