Private R & D Investments in Agriculture: The Role of Incentives and Institutions

O. Alfranca and Wallace Huffman

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: he objective of this paper is to present econometric evidence of the effects of economic incentives and institutions on national aggregate private agricultural R&D investments. An econometric model of national aggregate annual private R&D investment is specified and fitted to panel data consisting of seven EU countries (Austria, Germany, Italy, The Netherlands, Portugal, Spain and Sweden) over 1984-1995. We find strong impacts of both incentives and institutions on private agricultural R&D investment. Including institutional factors strengthens the story and in some cases greatly changes the results.

Date: 2001-09-01
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Published in Agricultural Economics, September 2001, vol. 25 no. 2-3, pp. 191-198

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Working Paper: Private R&D Investments in Agriculture: The Role of Incentives and Institutions (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:5011

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