Returns to food and agricultural R&D; Investments worldwide, 1958-2015
Zvi Griliches published the first formal economic estimate of the rates of return to food and agricultural R&D in the Journal of Political Economy more than half a century ago. Since then many economists have published a large number of similar estimates. The consensus that has emerged from this vas...
| Autores principales: | , , , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Science & Technology Practice & Policy Center
2016
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/119583 |
| _version_ | 1855542460698066944 |
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| author | Hurley, Terrance Pardey, Philip G. Rao, Xudong Andrade, Robert Santiago |
| author_browse | Andrade, Robert Santiago Hurley, Terrance Pardey, Philip G. Rao, Xudong |
| author_facet | Hurley, Terrance Pardey, Philip G. Rao, Xudong Andrade, Robert Santiago |
| author_sort | Hurley, Terrance |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Zvi Griliches published the first formal economic estimate of the rates of return to food and agricultural R&D in the Journal of Political Economy more than half a century ago. Since then many economists have published a large number of similar estimates. The consensus that has emerged from this vast body of work is that these rates of return have been exceptionally high regardless of the type of research (e.g., basic or applied), research focus (e.g., maize, wheat, rice, horticultural crops, livestock, or natural resources), or who performed the research. Yet, even with such overwhelming evidence of high rates of return, growth in public R&D spending has slowed worldwide and especially in rich countries (Pardey et al. 2016). Although agricultural commodity prices have fallen from their 2010-12 peaks, there remains widespread concern about the ability of global food supplies to meet projected demand growth. Nonetheless, current trends in public R&D spending portend slower agricultural productivity growth that is particularly disconcerting. |
| format | Artículo preliminar |
| id | CGSpace119583 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | International Science & Technology Practice & Policy Center |
| publisherStr | International Science & Technology Practice & Policy Center |
| record_format | dspace |
| spelling | CGSpace1195832025-11-05T18:23:02Z Returns to food and agricultural R&D; Investments worldwide, 1958-2015 Hurley, Terrance Pardey, Philip G. Rao, Xudong Andrade, Robert Santiago food policies agriculture evaluation returns research Zvi Griliches published the first formal economic estimate of the rates of return to food and agricultural R&D in the Journal of Political Economy more than half a century ago. Since then many economists have published a large number of similar estimates. The consensus that has emerged from this vast body of work is that these rates of return have been exceptionally high regardless of the type of research (e.g., basic or applied), research focus (e.g., maize, wheat, rice, horticultural crops, livestock, or natural resources), or who performed the research. Yet, even with such overwhelming evidence of high rates of return, growth in public R&D spending has slowed worldwide and especially in rich countries (Pardey et al. 2016). Although agricultural commodity prices have fallen from their 2010-12 peaks, there remains widespread concern about the ability of global food supplies to meet projected demand growth. Nonetheless, current trends in public R&D spending portend slower agricultural productivity growth that is particularly disconcerting. 2016-08 2022-05-18T09:58:39Z 2022-05-18T09:58:39Z Working Paper https://hdl.handle.net/10568/119583 en Open Access application/pdf International Science & Technology Practice & Policy Center Hurley, T.; Pardey, P.; Rao, X.; Andrade, R. 2016. Returns to food and agricultural R&D; Investments worldwide, 1958-2015. InSTePP Brief. St. Paul, MN. (USA): International Science & Technology Practice & Policy Center. 11 p. |
| spellingShingle | food policies agriculture evaluation returns research Hurley, Terrance Pardey, Philip G. Rao, Xudong Andrade, Robert Santiago Returns to food and agricultural R&D; Investments worldwide, 1958-2015 |
| title | Returns to food and agricultural R&D; Investments worldwide, 1958-2015 |
| title_full | Returns to food and agricultural R&D; Investments worldwide, 1958-2015 |
| title_fullStr | Returns to food and agricultural R&D; Investments worldwide, 1958-2015 |
| title_full_unstemmed | Returns to food and agricultural R&D; Investments worldwide, 1958-2015 |
| title_short | Returns to food and agricultural R&D; Investments worldwide, 1958-2015 |
| title_sort | returns to food and agricultural r d investments worldwide 1958 2015 |
| topic | food policies agriculture evaluation returns research |
| url | https://hdl.handle.net/10568/119583 |
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