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 eff...
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| Μορφή: | Online |
| Γλώσσα: | Αγγλικά |
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Firenze University Press
2022
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| Διαθέσιμο Online: | ONIX_20220601_9788855183048_527 |
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| _version_ | 1869526726075219968 |
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| author | Magrini, Alessandro |
| author_browse | Magrini, Alessandro |
| author_facet | Magrini, Alessandro |
| author_sort | Magrini, Alessandro |
| collection | Directory of Open Access Books |
| description | 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. |
| format | Online |
| id | doab-20.500.12854ir-83496 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | Firenze University Press |
| publisherStr | Firenze University Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-834962022-06-02T04:32:24Z Chapter The impact of public research expenditure on agricultural productivity: evidence from developed European countries Magrini, Alessandro European Agriculture Gamma lag distribution return of public expenditure research lag total factor productivity 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. 2022-06-02T04:32:23Z 2022-06-02T04:32:23Z 2022-06-01T12:20:00Z 2021 chapter ONIX_20220601_9788855183048_527 2704-5846 https://library.oapen.org/handle/20.500.12657/56342 9788855183048 https://directory.doabooks.org/handle/20.500.12854/83496 eng Proceedings e report open access image/jpeg Attribution 4.0 International https://library.oapen.org/bitstream/20.500.12657/56342/1/16982.pdf Firenze University Press 10.36253/978-88-5518-304-8.12 10.36253/978-88-5518-304-8.12 2ec4474d-93b1-4cfa-b313-9c6019b51b1a 9788855183048 6 Florence open access |
| spellingShingle | European Agriculture Gamma lag distribution return of public expenditure research lag total factor productivity Magrini, Alessandro Chapter The impact of public research expenditure on agricultural productivity: evidence from developed European countries |
| title | Chapter The impact of public research expenditure on agricultural productivity: evidence from developed European countries |
| title_full | Chapter The impact of public research expenditure on agricultural productivity: evidence from developed European countries |
| title_fullStr | Chapter The impact of public research expenditure on agricultural productivity: evidence from developed European countries |
| title_full_unstemmed | Chapter The impact of public research expenditure on agricultural productivity: evidence from developed European countries |
| title_short | Chapter The impact of public research expenditure on agricultural productivity: evidence from developed European countries |
| title_sort | chapter the impact of public research expenditure on agricultural productivity evidence from developed european countries |
| topic | European Agriculture Gamma lag distribution return of public expenditure research lag total factor productivity |
| topic_facet | European Agriculture Gamma lag distribution return of public expenditure research lag total factor productivity |
| url | ONIX_20220601_9788855183048_527 |
| work_keys_str_mv | AT magrinialessandro chaptertheimpactofpublicresearchexpenditureonagriculturalproductivityevidencefromdevelopedeuropeancountries |