@article{ZanettideLima:333395,
      recid = {333395},
      author = {Zanetti de Lima, Cicero and Martha, Geraldo and Barioni,  Luis G. and Baldos, Uris Lantz and Hertel, Thomas},
      title = {Agricultural R&D investments in Brazil: global  responses and local spillovers},
      address = {2022},
      pages = {14},
      year = {2022},
      note = {Presented at the 25th Annual Conference on Global Economic  Analysis (Virtual Conference)},
      abstract = {Brazil has made significant investments in public  agricultural research and development (R&D) over the past  50 years. This policy priority has allowed the country to  achieve high levels of total factor productivity (TFP)  growth, especially in the past two decades1,2. These  investments have benefitted consumers, both in Brazil and  worldwide. Brazil had not fully recovered from a recent  economic recession (mid-2014 to 2016) when the COVID-19  pandemic hit the global economy. Before COVID-19 public  agricultural R&D expenditures in Brazil had already  declined compared to its 2000-2017 levels2. The fiscal  deterioration in the wake of this pandemic could further  jeopardize Brazil’s capacity to invest in agricultural R&D.  This paper explores the potential consequences of such a  slowdown in public agricultural R&D expenditures in Brazil,  and hence on productivity growth rates, land use,  agricultural output, yields, and food prices at both the  national and global levels over the 2017–2050 horizon.},
      url = {http://ageconsearch.umn.edu/record/333395},
}