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Economics of Research and Innovation in Agriculture - Chicago Scholarship Online
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Economics of Research and Innovation in Agriculture

Petra Moser

Abstract

Over the last 50 years, mechanical, biological, and chemical innovations have increased agricultural output while scarcely changing input quantities. Yet, returns to agricultural R&D are difficult to measure. Even when costs and benefits are known, creating accurate summary statistics can be challenging. Recent studies find that returns to agricultural research have been declining, and that total factor productivity growth declined in agriculture, while effective research investments rose, suggesting that research productivity declined. Also, the share of GDP to agricultural R&D has declined i ... More

Keywords: innovation, agriculture, science, R&D, patents, knowledge spillovers, research, technology adoption, selection bias, productivity

Bibliographic Information

Print publication date: 2021 Print ISBN-13: 9780226779058
Published to Chicago Scholarship Online: May 2022 DOI:10.7208/chicago/9780226779195.001.0001

Authors

Affiliations are at time of print publication.

Petra Moser, editor
New York University

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Contents

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Introduction

Petra Moser

1 The Roots of Agricultural Innovation

Matthew Clancy, Paul Heisey, Yongjie Ji, and GianCarlo Moschini

Comment

Alberto Galasso

2 Quantifying Heterogeneous Returns to Genetic Selection

Jared Hutchins, Brent Hueth, and Guilherme Rosa

3 Yield Performance of Corn under Heat Stress

Keith Meyers and Paul W. Rhode

Comment

Michael J. Roberts

Comment

Bhaven N. Sampat

5 Academic Engagement, Commercialization, and Scholarship

Bradford Barham, Jeremy Foltz, and Ana Paula Melo

Comment

Nicola Bianchi

6 Venture Capital and the Transformation of Private R&D for Agriculture

Gregory D. Graff, Felipe de Figueiredo Silva, and David Zilberman

Comment

Michael Ewens