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Economic Returns to Public Agricultural Research
- 英文名称：
- Economic Returns to Public Agricultural Research
- 作者：
- Keith Fuglie; Paul Heisey
- 工作单位：
- USDA's Economic Research Service
- 关键词：
- Agriculture; productivity; productivity growth; technology; total factor productivity; TFP; research investments; food; input; output; crop yield; agricultural research; agricultural output; public spending; private sector research;
- 年份：
- 2007
- 出版地：
- Washington, DC, USA
- 总页数：
- 9 pp
- 语种：
- English
- 摘要：
- Over the last several decades, the U.S. agricultural sector has sustained impressive productivity growth. The Nation's agricultural research system, including Federal-State public research as well as private-sector research, has been a key driver of this growth. Economic analysis finds strong and consistent evidence that investment in agricultural research has yielded high returns per dollar spent. These returns include benefits not only to the farm sector but also to the food industry and consumers in the form of more abundant commodities at lower prices.
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