| Sumario: | Technological innovation is vital to enhancing agricultural productivity and reducing poverty in many developing countries. Public investment in research and development has historically driven technological change in agriculture; however, recent trends suggest that the private sector may play a larger role in the future. Although there is optimism about the private sector's ability to generate new technologies relevant to developing‐country agriculture, current levels of private investment remain low. The authors examine the determinants of private R&D investment in developing‐country agriculture, the market, and institutional constraints that limit the growth of investment, and incentives that can promote more rapid investment growth. [EconLit classification: O300, Q160]. © 2010 Wiley Periodicals, Inc.
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