Impact of institutions and public research on private agricultural research*

The objective of this paper is to present econometric evidence of the effects of economic incentives and institutions on national aggregate private agricultural R&D investments. An econometric model of national aggregate annual private R&D investment is specified and fitted to panel data consisting of seven EU countries (Austria, Germany, Italy, The Netherlands, Portugal, Spain and Sweden) over 1984-1995. We find strong impacts of both incentives and institutions on private agricultural R&D investment. Including institutional factors strengthens the story and in some cases greatly changes the results. © 2001 Elsevier Science B.V. All rights reserved.


Issue Date:
2001-09
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/177088
Published in:
Agricultural Economics: The Journal of the International Association of Agricultural Economists, Volume 25, Issue 2-3
Page range:
191-198
Total Pages:
8
JEL Codes:
Ql6




 Record created 2017-04-01, last modified 2017-12-17

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