Agricultural productivity and public policies on agricultural research and development

  • Rao, Xudong, (PI)

Project: Staff

Description

Investing in agricultural research and development (R&D) has inarguably been an effective way to support growth in agricultural productivity as suggested by the very high rates of return and should play an even more important role in fighting hunger and poverty. Despite the overwhelming evidence of exceptionally high rates of return to food and agriculture R&D investments, growth in public spending has slowed worldwide, especially in rich countries.
This project looks into the methodological conventions that pervade the R&D evaluation literature and shows that the internal rate of return (IRR) measure has often resulted in inflated rate of return estimates. Meanwhile this project will investigate a few policy-related questions, such as whether or not the returns to agricultural R&D are likely to decline over time, and Are the returns to agricultural R&D substantially higher or lower in developed versus developing countries?
StatusFinished
Effective start/end date15/02/1530/04/19