COMMODITY R&D AND PROMOTION

Considerable evidence exists of high returns to public and private investment in commodity research and development programs. This study investigates the potential returns to product research, development, and marketing in a dynamic commodity-market model. Theoretical hypotheses derived from the solution to this model are tested in an empirical example of Washington apples. Estimation results show that, despite significant spillovers to research and promotion expenditure in this industry, there is nonetheless considerable latitude to increase annual sales.


Issue Date:
2002-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15083
Published in:
Journal of Agricultural and Applied Economics, Volume 34, Number 3
Page range:
401-415
Total Pages:
15
JEL Codes:
L15; M37; Q13; Q16




 Record created 2017-04-01, last modified 2017-08-22

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