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THE POLITICS OF UNDERINVESTMENT IN AGRICULTURAL RESEARCH

Harry de Gorter () and Johan Swinnen ()

No 6848, Working Papers from Cornell University, Department of Applied Economics and Management

Abstract: This paper develops a political economy framework that determines the factors causing underinvestment in public research expenditures. Governments are unable to fully compensate for unequal income distribution effects of research because of either their inability to make credible commitments or of deadweight costs associated with compensation.

Keywords: Political Economy; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 22
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cudawp:6848

DOI: 10.22004/ag.econ.6848

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