Impact of Institutional Quality and Research and Development (R&D) on Agricultural Productivity in Low-and Middle-Income Countries

Agossou Justin Tovilode and Wanki Moon
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Agossou Justin Tovilode: Agribusiness Economics, Southern Illinois University of Carbondale, Carbondale, IL, USA
Wanki Moon: Agribusiness Economics, Southern Illinois University of Carbondale, Carbondale, IL, USA

Journal of Economic Analysis, 2025, vol. 4, issue 2, 36-53

Abstract: This study investigates the impact of institutions and public agricultural Research and Development (R&D) on agricultural productivity in low- and middle-income countries. The paper employs panel data with fixed-effects models, spanning 12 years and including 49 low-and middle-income countries. Agricultural productivity is measured by cereal yield, while institutional factors are assessed through four key indicators: judicial independence, property rights protection, contract enforcement, and impartial public administration. Public agricultural R&D investments serve as the measure for agricultural R&D. The findings show that property rights protection positively influences agricultural productivity, whereas legal contract enforcement has a negative impact across these countries. Additionally, public agricultural R&D significantly and positively affect productivity in Asia and the LAC regions, but not in sub-Saharan Africa.

Keywords: Institution; Agricultural Productivity; Agricultural R&D; Stages of Economic Development (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:bba:j00001:v:4:y:2025:i:2:p:36-53:d:408

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