Economic Returns to Agricultural Research: Thailand and Indonesia

Peter Warr

Asian Journal of Agriculture and Development, 2023, vol. 20, issue 1, 1-12

Abstract: In both Thailand and Indonesia, the public sector's agricultural research investments have substantially contributed to agricultural productivity growth, as have international investments in agricultural research, through the Consortium of International Agricultural Research Centers (CGIAR) system. But both countries' own expenditures on agricultural extension failed to produce significant productivity benefits. These findings imply that the magnitude of domestic investment in agricultural research is suboptimal in both countries. This is reflected in estimated marginal rates of return to this form of expenditure of between 25 percent and 30 percent per annum in real terms, well above the rates of return normally expected from public investments.

Keywords: agricultural research; Thailand; Indonesia; error correction mechanism (search for similar items in EconPapers)
JEL-codes: C22 O13 O33 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ajad.searca.org/article?p=2033 (text/html)

Related works:
Journal Article: Economic Returns to Agricultural Research: Thailand and Indonesia (2023)
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: https://EconPapers.repec.org/RePEc:sag:seajad:v:20:y:2023:i:1:p:1-12

Access Statistics for this article

More articles in Asian Journal of Agriculture and Development from Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) Contact information at EDIRC.
Bibliographic data for series maintained by Benedict A. Juliano ().