A common observation is that measures of productivity growth are pro-cyclical, meaning they are higher (or grow faster) on average during periods of economic expansion than during periods of economic contraction. This study focuses on measurement errors related to capital inputs as an...

Over the past century and more, research and development (R&D) has contributed to a transformation of the U.S. food and agricultural sectors. R&D has fueled productivity growth, enabling U.S. farmers to do more with less. It has helped U.S. farmers to remain competitive in increasingly...

Agricultural research has transformed agriculture and in doing so contributed to the transformation of economies. Economic issues arise because agricultural research is subject to various market failures, because the resulting innovations and technological changes have important economic...

The past 50-100 years have witnessed dramatic changes in agricultural production and productivity, driven to a great extent by public and private investments in agricultural research, with profound implications especially for the world's poor. In this article, we first discuss how the...

Recent trends in farm productivity and food prices raise concerns about whether the era of global agricultural abundance is over. Agricultural R&D is a crucial determinant of agricultural productivity and production, and therefore food prices and poverty. In this paper we review past and present...