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Impacts of Public Research Expenditures on Agricultural Value-Added in the U.S. and the Northeast

Published online by Cambridge University Press:  10 May 2017

Blair L. Smith ,
George W. Norton  and
Joseph Havlicek Jr.
Blair L. Smith
Affiliation:
Department of Agricultural Economics, Virginia Polytechnic Institute and State University
George W. Norton
Affiliation:
Department of Agricultural Economics, Virginia Polytechnic Institute and State University
Joseph Havlicek Jr.
Affiliation:
Department of Agricultural and Resource Economics, University of Maryland
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Abstract

This paper illustrates differences in estimated returns to public agricultural research investments for the U.S. and the Northeast when value-added (VA) as opposed to gross production (GP) functions are estimated. Commodity groups considered are dairy, poultry, other livestock, and cash grains. Sizable differences are evident in returns estimated with VA as opposed to GP functions, with the VA estimates generally being larger. Cash grains research yields the largest returns at the margin. Dairy research is more productive in the Northeast than the rest of the country.

Type
Contributed Papers
Information
Journal of the Northeastern Agricultural Economics Council , Volume 12 , Issue 2 , Fall 1983 , pp. 109 - 115
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

The authors would like to thank Ernest Bentley for his helpful comments and suggestions. Funding for this research was provided by CSRS, USDA through IR-6, “National and Regional Research Planning, Evaluation, Analysis, and Coordination.” Scientific Article No. A-3520, Contribution No. 6594 of the Maryland Agricultural Experiment Station.

References

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