Assessing the long-term impact of agricultural research on productivity: evidence from France

Stéphane Lemarié, Valérie Orozco (), Jean-Pierre Butault, Antonio Musolesi, Michel Simioni and Bertrand Schmitt

European Review of Agricultural Economics, 2020, vol. 47, issue 4, 1559-1586

Abstract: This paper analyses the economic impact of agricultural research on productivity in France over the period 1959–2012. Adopting a dynamic time series model, we provide evidence that the impact of French agricultural research is in the range of values estimated for other countries, with the estimated long-run elasticity being 0.16, which corresponds to an internal rate of return of 22%. The estimated elasticity decreases at the beginning of the 1970s. Complementary analyses are developed to take into account the evolution of the priorities of public agricultural research (reorientation towards more fundamental objectives and focus on broader objective than productivity enhancement).

Keywords: agricultural R&D; research lags; economic impact of agricultural research; knowledge stocks; France; dynamic time series (search for similar items in EconPapers)
Date: 2020
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Working Paper: Assessing the long-term impact of agricultural research on productivity: Evidence from France (2020)
Working Paper: Assessing the long-term impact of agricultural research on productivity: evidence from France (2019)
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