Agricultural R&D investment intensity: A misleading conventional measure and a new intensity index
The conventional wisdom that developing countries are significantly underinvesting in agricultural research and development (R&D) has been challenged by studies that found that the high rates of return in the literature result from data limitations and inadequate modeling choices. However, evidence...
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| Format: | Journal Article |
| Language: | Inglés |
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Agricultural Economics Research Association
2021
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| Online Access: | https://hdl.handle.net/10568/142287 |
| _version_ | 1855535726513356800 |
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| author | Nin-Pratt, Alejandro |
| author_browse | Nin-Pratt, Alejandro |
| author_facet | Nin-Pratt, Alejandro |
| author_sort | Nin-Pratt, Alejandro |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The conventional wisdom that developing countries are significantly underinvesting in agricultural research and development (R&D) has been challenged by studies that found that the high rates of return in the literature result from data limitations and inadequate modeling choices. However, evidence of low research effort in developing countries as measured by the intensity ratio (IR)—the percentage of agricultural gross domestic product invested in agricultural R&D—has not been questioned. This article argues that the IR is an inadequate indicator of research effort and proposes an alternative index to measure R&D intensity. Using the proposed index, we find that the investment effort in developing countries is much higher than the one observed when the IR is used, that the contribution of low‐ and middle‐income (LMI) countries to growth in global R&D intensity was higher to that of high‐income (HI) countries in recent years, that the investment gap in LMI countries is close to 50% of R&D investment, and that the proposed development goal of a 1.0% value of the IR is beyond the possibilities of most Asian and African countries. |
| format | Journal Article |
| id | CGSpace142287 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Agricultural Economics Research Association |
| publisherStr | Agricultural Economics Research Association |
| record_format | dspace |
| spelling | CGSpace1422872024-10-25T08:04:12Z Agricultural R&D investment intensity: A misleading conventional measure and a new intensity index Nin-Pratt, Alejandro development investment technology agricultural research research agriculture sciences agricultural research for development investment policies agricultural development The conventional wisdom that developing countries are significantly underinvesting in agricultural research and development (R&D) has been challenged by studies that found that the high rates of return in the literature result from data limitations and inadequate modeling choices. However, evidence of low research effort in developing countries as measured by the intensity ratio (IR)—the percentage of agricultural gross domestic product invested in agricultural R&D—has not been questioned. This article argues that the IR is an inadequate indicator of research effort and proposes an alternative index to measure R&D intensity. Using the proposed index, we find that the investment effort in developing countries is much higher than the one observed when the IR is used, that the contribution of low‐ and middle‐income (LMI) countries to growth in global R&D intensity was higher to that of high‐income (HI) countries in recent years, that the investment gap in LMI countries is close to 50% of R&D investment, and that the proposed development goal of a 1.0% value of the IR is beyond the possibilities of most Asian and African countries. 2021-03-01 2024-05-22T12:10:16Z 2024-05-22T12:10:16Z Journal Article https://hdl.handle.net/10568/142287 en Open Access Agricultural Economics Research Association Nin-Pratt, Alejandro. 2021. Agricultural R&D investment intensity: A misleading conventional measure and a new intensity index. Agricultural Economics 52(2): 317-328. https://doi.org/10.1111/agec.12620 |
| spellingShingle | development investment technology agricultural research research agriculture sciences agricultural research for development investment policies agricultural development Nin-Pratt, Alejandro Agricultural R&D investment intensity: A misleading conventional measure and a new intensity index |
| title | Agricultural R&D investment intensity: A misleading conventional measure and a new intensity index |
| title_full | Agricultural R&D investment intensity: A misleading conventional measure and a new intensity index |
| title_fullStr | Agricultural R&D investment intensity: A misleading conventional measure and a new intensity index |
| title_full_unstemmed | Agricultural R&D investment intensity: A misleading conventional measure and a new intensity index |
| title_short | Agricultural R&D investment intensity: A misleading conventional measure and a new intensity index |
| title_sort | agricultural r d investment intensity a misleading conventional measure and a new intensity index |
| topic | development investment technology agricultural research research agriculture sciences agricultural research for development investment policies agricultural development |
| url | https://hdl.handle.net/10568/142287 |
| work_keys_str_mv | AT ninprattalejandro agriculturalrdinvestmentintensityamisleadingconventionalmeasureandanewintensityindex |