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
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)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:cudawp:6848
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