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Estimating Returns to Agricultural Research, Extension, and Teaching at the State Level

  • George W. Norton (a1), Joseph D. Coffey (a2) and E. Berrier Frye (a3)

Abstract

The majority of decisions concerning investment and allocation of public funds for agricultural research, extension, and teaching (RET) are made at the state-level, while most of the quantitative RET evaluations are made on a national basis. This paper illustrates an approach for conducting a disaggregated state-level evaluation of agricultural research, extension, and teaching. Ridge regression is employed to handle multicollinearity problems.

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