- ASA 2021 Statistics and Information Systems for Policy Evaluation
- A cura di Bruno Bertaccini, Luigi Fabbris, Alessandra Petrucci
The impact of public research expenditure on agricultural productivity: evidence from developed European countries
- Alessandro Magrini
- © 2021 Author(s) |
- CC BY 4.0
- DOI: 10.36253/978-88-5518-304-8.12
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.
- Keywords:
- European Agriculture,
- Gamma lag distribution,
- return of public,
- expenditure,
- research lag,
- total factor productivity,
University of Florence, Italy - ORCID: 0000-0002-7278-5332
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Informazioni sul capitolo
Titolo del capitolo
The impact of public research expenditure on agricultural productivity: evidence from developed European countries
Autori
Alessandro Magrini
Lingua
English
DOI
10.36253/978-88-5518-304-8.12
Opera sottoposta a peer review
Anno di pubblicazione
2021
Copyright
© 2021 Author(s)
Licenza d'uso
Licenza dei metadati
Informazioni bibliografiche
Titolo del libro
ASA 2021 Statistics and Information Systems for Policy Evaluation
Sottotitolo del libro
Book of short papers of the opening conference
Curatori
Bruno Bertaccini, Luigi Fabbris, Alessandra Petrucci
Opera sottoposta a peer review
Anno di pubblicazione
2021
Copyright
© 2021 Author(s)
Licenza d'uso
Licenza dei metadati
Editore
Firenze University Press
DOI
10.36253/978-88-5518-304-8
eISBN (pdf)
978-88-5518-304-8
eISBN (xml)
978-88-5518-305-5
Collana
Proceedings e report
ISSN della collana
2704-601X
e-ISSN della collana
2704-5846