000118518 001__ 118518
000118518 005__ 20210819132624.0
000118518 0247_ $$2doi$$a10.22004/ag.econ.118518
000118518 037__ $$a428-2016-27558
000118518 037__ $$a428-2016-28450
000118518 041__ $$aeng
000118518 245__ $$aProductivity growth and the returns from public investment in R&D in Australian broadacre agriculture
000118518 260__ $$c2007
000118518 269__ $$a2007
000118518 300__ $$a26
000118518 336__ $$aJournal Article
000118518 520__ $$aInvestment in R&D has long been regarded as an important source of productivity
growth in Australian agriculture. Perhaps because research lags are long, current
investment in R&D is monitored closely. Investment in R&D has been flat while
productivity growth has remained strong, relative both to other sectors of the Australian
economy and to the agricultural sectors of other countries. Such productivity growth, at
a time when the decline in terms of trade facing Australian farmers has slowed, may have
enhanced the competitiveness of Australian agriculture. The econometric results presented
here suggest no evidence of a decline in the returns from research from the 15 to
40 per cent per annum range estimated by Mullen and Cox. In fact the marginal impact
of research increases with research over the range of investment levels experienced from
1953 to 2000, a finding which lends support to the view that there is underinvestment
in agricultural research. These results were obtained from econometric models which
maintain strong assumptions about how investments in research and extension translate
into changes in TFP. Hence some caution in interpreting the results is warranted.
000118518 546__ $$aEnglish
000118518 650__ $$aProductivity Analysis
000118518 650__ $$aResearch and Development/Tech Change/Emerging Technologies
000118518 6531_ $$aproductivity
000118518 6531_ $$aresearch and development
000118518 6531_ $$aresearch evaluation
000118518 700__ $$aMullen, John D.
000118518 773__ $$q359$$o384$$tAustralian Journal of Agricultural and Resource Economics$$j51$$k4$$dDecember 2007
000118518 8564_ $$9df9d71ab-055c-426d-95af-8c0267d5db0e$$s400614$$uhttps://ageconsearch.umn.edu/record/118518/files/j.1467-8489.2007.00392.x.pdf
000118518 887__ $$ahttp://purl.umn.edu/118518
000118518 909CO $$ooai:ageconsearch.umn.edu:118518$$pGLOBAL_SET
000118518 912__ $$nSubmitted by Kayla Schanus (schan099@umn.edu) on 2011-12-02T19:43:08Z
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  Previous issue date: 2007
000118518 913__ $$aLicense granted by Kayla Schanus (schan099@umn.edu) on 2011-12-02T19:36:42Z (GMT):

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000118518 980__ $$a428
000118518 982__ $$gAustralian Journal of Agricultural and Resource Economics>Volume 51, Issue 4, December 2007