Evaluating Returns to Agricultural Research: A Review

This paper reviews and compares the most common approaches used to evaluate public agricultural research investment. Ex post studies fall into two major groups: (a) consumer and producer surplus analyses, estimating average rates of return to research, and (b) production function analyses, estimatin...

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Detalles Bibliográficos
Autores principales: Norton, George W., Davis, J. S.
Formato: Journal Article
Lenguaje:Inglés
Publicado: Wiley 1981
Materias:
Acceso en línea:https://hdl.handle.net/10568/136712
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author Norton, George W.
Davis, J. S.
author_browse Davis, J. S.
Norton, George W.
author_facet Norton, George W.
Davis, J. S.
author_sort Norton, George W.
collection Repository of Agricultural Research Outputs (CGSpace)
description This paper reviews and compares the most common approaches used to evaluate public agricultural research investment. Ex post studies fall into two major groups: (a) consumer and producer surplus analyses, estimating average rates of return to research, and (b) production function analyses, estimating marginal rates of return to research. Ex ante studies fall into four groups: (a) those using scoring models to rank research activities, (b) those employing benefit‐cost analysis to establish rates of return to research, (c) those using simulation models, and (d) those using mathematical programming to select an optimal mix of research activities.
format Journal Article
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publishDate 1981
publishDateRange 1981
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spelling CGSpace1367122025-08-21T15:39:31Z Evaluating Returns to Agricultural Research: A Review Norton, George W. Davis, J. S. economics and econometrics agricultural and biological sciences (miscellaneous) This paper reviews and compares the most common approaches used to evaluate public agricultural research investment. Ex post studies fall into two major groups: (a) consumer and producer surplus analyses, estimating average rates of return to research, and (b) production function analyses, estimating marginal rates of return to research. Ex ante studies fall into four groups: (a) those using scoring models to rank research activities, (b) those employing benefit‐cost analysis to establish rates of return to research, (c) those using simulation models, and (d) those using mathematical programming to select an optimal mix of research activities. 1981-11 2024-01-04T07:51:53Z 2024-01-04T07:51:53Z Journal Article https://hdl.handle.net/10568/136712 en Limited Access Wiley Norton, G.W; Davis, J.S. 1981. Evaluating returns to agricultural research: A review. American Journal of Agricultural Economics 63 (4): 685-699 https://doi.org/10.2307/1241211
spellingShingle economics and econometrics
agricultural and biological sciences (miscellaneous)
Norton, George W.
Davis, J. S.
Evaluating Returns to Agricultural Research: A Review
title Evaluating Returns to Agricultural Research: A Review
title_full Evaluating Returns to Agricultural Research: A Review
title_fullStr Evaluating Returns to Agricultural Research: A Review
title_full_unstemmed Evaluating Returns to Agricultural Research: A Review
title_short Evaluating Returns to Agricultural Research: A Review
title_sort evaluating returns to agricultural research a review
topic economics and econometrics
agricultural and biological sciences (miscellaneous)
url https://hdl.handle.net/10568/136712
work_keys_str_mv AT nortongeorgew evaluatingreturnstoagriculturalresearchareview
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