Dynamic relationships between agribusiness sales and research

Fred C. White
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Fred C. White: Agricultural and Applied Economics, University of Georgia, Postal: Agricultural and Applied Economics, University of Georgia

Agribusiness, 1992, vol. 8, issue 3, 233-241

Abstract: Agribusiness sales have been volatile, depending on such factors as agricultural exports, farm commodity prices, and government programs. While agribusiness sales are used to finance private sector research, the impact of volatility in sales on research expenditures has generally been ignored. The objective of this study is to determine whether dynamic relationships between agribusiness sales and research exist. Panel data for chemicals, machinery, and seed are analyzed using a vector autoregression model. Statistically significant dynamic relationships were identified. These results have important implications for public sector research policy and private sector research management.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:8:y:1992:i:3:p:233-241

DOI: 10.1002/1520-6297(199205)8:3<233::AID-AGR2720080304>3.0.CO;2-Q

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