Estimation of the rate of return to wine grape research and technology development expenditures in South Africa

This article evaluates the impact of research and technology development in the wine grape industry in order to determine the rate of return (ROR) to these investments, and to make specific recommendations on funding. The analysis illustrates the applied and adaptive nature of the research conducted in the industry, with RORs of roughly 40 percent for R&D and extension. This is high, providing excellent motivation for increased investment in R&D.

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Year of publication:	1998
Authors:	Townsend, Rob F. ; van Zyl, Johan
Published in:	Agrekon. - Agricultural Economics Association of South Africa - AEASA. - Vol. 37.1998, 2
Publisher:	Agricultural Economics Association of South Africa - AEASA
Subject:	Crop Production/Industries \| Research and Development/Tech Change/Emerging Technologies

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008549217