AN ANALYSIS OF EXPERIMENT STATION FUNDING DECISIONS

Fred C. White and A.A. Araji

Western Journal of Agricultural Economics, 1990, vol. 15, issue 2, 9

Abstract: The decision-making process by which academic departments within an experiment station allocate funds among commodities is examined. The decision to conduct research on some commodities and not on others introduces a problem of censored dependent variables. In order to overcome this problem, a simultaneous equations model with selectivity was used; it was applied to data from the Idaho Experiment Station. The results indicated a simultaneous relationship between research funding levels and expected benefits. Marginal products of one dollar in research investment were $53.80 for applied research, and $8.49 for maintenance research.

Keywords: Research and Development/Tech Change/Emerging Technologies; Teaching/Communication/Extension/Profession (search for similar items in EconPapers)
Date: 1990
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32065

DOI: 10.22004/ag.econ.32065

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