Economic Impacts of Oilseed Research and Development in Bangladesh

M A Monayem Miah, S M A Shiblee and M A Rashid
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M A Monayem Miah: Senior Scientific Officer, Postal: Agricultural Economics Division, Bangladesh Agricultural Research Institute (BARI), Bangladesh.
S M A Shiblee: Senior Scientific Officer, Postal: Agricultural Economics Division, Bangladesh Agricultural Research Institute (BARI), Bangladesh.
M A Rashid: Principal Scientific Officer, Postal: Agricultural Economics Division, Bangladesh Agricultural Research Institute (BARI), Bangladesh.

Bangladesh Development Studies, 2015, vol. 38, issue 01, 1-31

Abstract: This paper estimates the economic impacts of oilseed research and development (R&D) in Bangladesh. For the purpose, a total of 1,980 oilseed growing farmers are randomly selected from 11 oilseed growing districts in the country for gathering primary data using pre-tested interview schedules during 2011-12. An ex-post evaluation method using economic surplus model under both closed and small-open market economy situations has been adopted to estimate the rate of returns of investment in oilseeds R&D. The adoption of improved mustard, groundnut, sesame and soybean varieties at the farm level creates an additional employment of 12.7, 11.6, 15.4, and 6.1 man-days/ha for the respondent farmers respectively. The livelihood status of the adopting households is much better than that of non-adopting households. Ex-post evaluation of the past investment on oilseeds R&D reveals an IRR of 24 per cent, which ranges from 22 per cent to 26 per cent under different assumptions. The amounts of NPV and foreign exchange savings due to R&D of oilseeds during 1998-2012 are Tk. 4,769.04 million and US$ 97.11 million respectively.

Keywords: Oilseeds; Economic Surplus Model; Research and Development; IRR; NPV; BCR; Foreign Exchange Savings (search for similar items in EconPapers)
JEL-codes: Q16 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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