THE RETURNS FROM RESEARCH IN AUSTRALIAN BROADACRE AGRICULTURE

Many people share the view that too little is invested in R & D in agriculture. The relationship between several measures of productivity and research expenditure was estimated using data from ABARE's surveys of broadacre industries and a new data series on R & D expenditure for the period 1953 to 1988. The internal rate of return to research was estimated to be in the range of 15 to 40 percent which does not provide strong evidence that Australia is either under- or over-investing in public research.


Issue Date:
1995-08
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/22399
PURL Identifier:
http://purl.umn.edu/22399
Published in:
Australian Journal of Agricultural Economics, 39, 2
Page range:
105-128
Total Pages:
24




 Record created 2017-04-01, last modified 2019-08-26

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