Replaced with revised version of paper 07/22/11. Former Title: Revisiting the Returns to U.S. Public Agricultural Research: New Measures, Models, Results, and Interpretation

Estimated rates of return to research are distorted by problems of attributing the credit for particular research results, or for particular research-induced productivity increases, among research expenditures undertaken at different times, in different places, and by different agencies. A...

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...

Commissioned by the CGIAR Science Council and prepared as a Background Paper for the 2008 World Development Report of the World Bank.

Econometric studies of the effects of research on productivity have typically imposed arbitrary restrictions on the length and shape of the R&D on productivity and the estimated rate of return to research. This paper argues that the useful stock of public knowledge depreciates, if at all, only...

Transgenic crops are relatively new technologies being adopted rapidly in the United States and in a few other countries. The economic impacts of these technologies have, thus far, been estimated in a piecemeal fashion. The purpose of this study was to collect and characterize the economic...

Over the past 50 years and longer, the supply of food commodities has grown faster than the effective market demand, in spite of increasing population and per capita incomes. Consequently, the real (deflated) prices of food commodities have steadily trended down. The past increases in...

In general, reported rates of return to agricultural R&D are high, but questions have been raised about upward biases in the evidence. Among the reasons for this bias, insufficient attention to attribution aspects-matching of research benefits and costs-is a pervasive problem, the magnitude of...