Agricultural R&D investment, knowledge stocks and productivity growth in Latin America and the Caribbean

Alejandro Nin-Pratt and César A. Falconi
Authors registered in the RePEc Author Service: Alejandro Nin Pratt ()

No 1730, IFPRI discussion papers from International Food Policy Research Institute (IFPRI)

Abstract: Between 2001 and 2012, Latin America and the Caribbean’s (LAC) agriculture saw its best performance of the last 30 years. Given the importance of agricultural R&D investment to sustain agricultural growth in the future, this study looks at the state of agricultural R&D investment in LAC, and analyzes the role that this investment played in the performance of agriculture in recent years. This is done by developing a new approach for the estimation of knowledge stocks that allow us to obtain R&D elasticities and measures of return to R&D investment that avoid some of the major problems encountered in the literature that uses econometric methods.

Keywords: agricultural research systems; investment; agricultural research; diffusion of research; agriculture; productivity; agricultural development; public expenditure; knowledge; Latin America; Caribbean (search for similar items in EconPapers)
Date: 2018-06-08
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https://hdl.handle.net/10568/147342

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Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifprid:1730

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