Evaluating Cost and Output Levels for Agricultural Utilization Research

Harold B. Jones

Journal of Agricultural and Applied Economics, 1973, vol. 5, issue 2, 89-97

Abstract: Public expenditures for research and development have increased very rapidly in the last two decades. Despite the apparent high payoff from this research, there is an increasingly greater reluctance on the part of legislative groups and the general public to support such research. This problem revolves around the question of social priorities, but it also involves an assessment of the value of the research investment.

Date: 1973
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