THE RETURNS TO AGRICULTURAL RESEARCH IN MAINE: THE CASE OF A SMALL NORTHEASTERN EXPERIMENT STATION

Estimates of the marginal internal rate of return to expenditures for research by the Maine Agricultural Experiment Station are presented. Estimates are performed using ridge regression under an array of specifications, including alternative functional forms, lag structures, costs of public funds, and variable specifications. The results are consistent with many previous results that imply an underinvestment in agricultural research.

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Year of publication:	1991
Authors:	Leiby, James D. ; Adams, Gregory D.
Published in:	Northeastern Journal of Agricultural and Resource Economics. - Northeastern Agricultural and Resource Economics Association - NAREA. - Vol. 20.1991, 1
Publisher:	Northeastern Agricultural and Resource Economics Association - NAREA
Keywords:	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/10005338250