Has the Return on Australian Public Investment in Agricultural Research Changed?

Eran Binenbaum, John D. Mullen and Chang Tao Wang

No 6016, 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia from Australian Agricultural and Resource Economics Society

Abstract: We examine whether there has been a decline in the returns from Australian public investment in research on broadacre agriculture. Complementing a forthcoming paper by Mullen, we use alternative specifications for the regression equation, which employs the log of total factor productivity (TFP) as the dependent variable. The rate of return is computed on an annual basis rather than by using multi-year averages. In contrast to Mullen’s earlier preliminary analysis, we have now found some evidence of a decline in the rate of return on public R&D investment, lending some support to recently voiced concerns on this matter.

Keywords: R&D; rate of return; agricultural productivity; public investment; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://purl.umn.edu/6016 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:ags:aare08:6016

Access Statistics for this paper

More papers in 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia from Australian Agricultural and Resource Economics Society
Contact information at EDIRC.
Series data maintained by AgEcon Search ().