Optimizing Investment in Agricultural Research, or the Quest for Prosperity

J. Roseboom

Research output: Book/ReportReportProfessional

Abstract

The growth in agricultural R&D investments around the world has slowed considerably in the past 20-30 years, even though most experts agree that there is substantial underinvestment in agricultural R&D. Introducing a simple economic model of the ex ante selection of R&D projects allows us to make a more insightful interpretation of the available ex post rate-of-return evidence. Two sets of factors can be identified that determine the level of investment in agricultural R&D: (1) the ex ante choice set of R&D projects for a given domain and time and (2) the extent to which the assumptions of full information and selection rationality apply
Original languageEnglish
Place of PublicationThe Hague, The Netherlands
PublisherISNAR
ISBN (Print)9789291180714
Publication statusPublished - 2003

Publication series

NameResearch report / ISNAR
PublisherISNAR
No.23
ISSN (Print)1021-4429

Keywords

  • agricultural research
  • organization of research
  • research institutes
  • research policy
  • research support
  • development policy
  • developing countries
  • developed countries

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