Publicación: IMPACT OF PUBLIC RESEARCH INVESTMENTS ON AGRICULTURAL PRODUCTIVITY IN CHILE
Fecha
2023
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
AGRIBUSINESS
Resumen
THIS STUDY EXAMINED THE RELATIONSHIP BETWEEN PUBLIC RESEARCH AND DEVELOPMENT (R&D) INVESTMENT AND AGRICULTURAL PRODUCTIVITY GROWTH IN CHILE DURING THE 1964?2017 PERIOD. TO ACHIEVE THIS OBJECTIVE, WE USED A COMBINED APPROACH BASED ON ACCOUNTING AND ECONOMETRIC MEASURES.
THE RESULTS INDICATED THAT AGRICULTURAL PRODUCTIVITY GREW AT AN ANNUAL AVERAGE RATE OF 2.11%. ADDITIONALLY, THE EMPIRICAL FINDINGS SHOW A POSITIVE AND SIGNIFICANT RELATIONSHIP BETWEEN PUBLIC R&D INVESTMENT AND AGRICULTURAL PRODUCTIVITY. FURTHERMORE, THE COST?BENEFIT ANALYSIS REVEALS A HIGH RETURN (15%?21%) TO PUBLIC R&D RESOURCES, WHICH MAY HAVE CONTRIBUTED TO ENHANCING THE PRODUCTIVITY PERFORMANCE OF CHILE'S AGRICULTURAL SECTOR. IN THIS REGARD, OUR
FINDINGS SUGGEST THAT AGRICULTURAL R&D SPENDING HAS BEENPROFITABLE IN RECENT DECADES AND THAT A HIGHER ALLOCATION OF R&D RESOURCES IS JUSTIFIABLE. [ECONLIT CITATIONS: C22, Q14, Q16].
Descripción
Palabras clave
agricultural R
