Text

Chapter The impact of public research expenditure on agricultural productivity: evidence from developed European countries

---

The objective of this paper is to assess the impact of public research expenditure on agricultural productivity in developed European countries. Our research provides original evidence, making possible a comparison with existing studies focused on United States of America (USA). We apply a fixed effects Gamma distributed-lag model to yearly data in 1970-2016 sourced from the United States Department of Agriculture (USDA), the Organisation for Economic Cooperation and Development (OECD), and the Food and Agriculture Organization (FAO). In our results, public research expenditure has a significant impact on agricultural productivity up to 35 years, with peak at 17 years and long-term elasticity equal to 0.172. Based on our model, the countries with the highest internal rate of return of agricultural research expenditure resulted Germany, Spain, France and Italy (24.5-25.2%), followed by Netherlands, United Kingdom, Denmark, Greece, Belgium and Luxembourg (20.5-21.8%). However, only Germany, Denmark and Greece increased agricultural research expenditure in recent years. The estimated internal rates of return are in line with the ones reported by existing studies on USA, and they suggest that developed European countries, just like USA, could benefit from research investments in Agriculture to a much greater extent than they currently do.

---

Availability

No copy data

Detail Information

Series Title

-

Call Number

-

Publisher

Florence : Firenze University Press., 2021

Collation

-

Language

English

ISBN/ISSN

9788855183048

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

-

Subject(s)

European Agriculture
Gamma lag distribution
return of public
expenditure
research lag
total factor productivity

Specific Detail Info

-

Statement of Responsibility

-

Other Information

Cataloger

Candra

Source

-

Validator

-

Digital Object Identifier (DOI)

10.36253/978-88-5518-304-8.12

Journal Volume

-

Journal Issue

-

Subtitle

-

Parallel Title

-

Other version/related

File Attachment

Comments

---

You must be logged in to post a comment