Efficiency effects of agricultural economics research in the United States

Schimmelpfennig, D. E., O'Donnell, C. J. and Norton, G. W. (2006) Efficiency effects of agricultural economics research in the United States. Agricultural Economics, 34 3: 273-280. doi:10.1111/j.1574-0864.2006.00124.x


Author Schimmelpfennig, D. E.
O'Donnell, C. J.
Norton, G. W.
Title Efficiency effects of agricultural economics research in the United States
Journal name Agricultural Economics   Check publisher's open access policy
ISSN 0169-5150
1574-0862
Publication date 2006-05
Sub-type Article (original research)
DOI 10.1111/j.1574-0864.2006.00124.x
Volume 34
Issue 3
Start page 273
End page 280
Total pages 8
Editor G. Norton
S. von Cramon-Taubadel
Place of publication Oxford, U.K.
Publisher Blackwell Publishing
Collection year 2006
Language eng
Subject C1
340201 Agricultural Economics
340203 Finance Economics
720404 Productivity
Abstract Allocations of research funds across programs are often made for efficiency reasons. Social science research is shown to have small, lagged but significant effects on U.S. agricultural efficiency when public agricultural R&D and extension are simultaneously taken into account. Farm management and marketing research variables are used to explain variations in estimates of allocative and technical efficiency using a Bayesian approach that incorporates stylized facts concerning lagged research impacts in a way that is less restrictive than popular polynomial distributed lags. Results are reported in terms of means and standard deviations of estimated probability distributions of parameters and long-run total multipliers. Extension is estimated to have a greater impact on both allocative and technical efficiency than either R&D or social science research.
Keyword Social Science Research Impacts
Bayesian Estimation
Agricultural Economics & Policy
Economics
Us Agriculture
Productivity
Inefficiency
Technology
Spillovers
Q-Index Code C1
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
2007 Higher Education Research Data Collection
School of Economics Publications
 
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Created: Wed, 15 Aug 2007, 08:42:07 EST