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Assessing the long-term impact of agricultural research on productivity: Evidence from France

Lemarié, Stéphann, Orozco, Valérie, Butault, Jean-Pierre, Musolesi, Antonio, Simioni, Michel and Schmitt, Bertrand (2020) Assessing the long-term impact of agricultural research on productivity: Evidence from France. European Review of Agricultural Economics.

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Official URL: http://tse-fr.eu/pub/123970

Abstract

This paper analyses the economic impact of agricultural research on productivity in France over the period 1959-2012. Adopting a dynamic time series model, we provide evidence that the impact of French agricultural research is in the range of values estimated for other countries, with the estimated long-run elasticity being 0.16, which corresponds to an internal rate of return of 22%.
The estimated elasticity decreases at the beginning of the 1970s. Complementary analyses are developed to take into account the evolution of the priorities of public agricultural research (reorientation towards more fundamental objectives and focus on broader objective than productivity enhancement).

Item Type: Article
Language: English
Date: 13 March 2020
Refereed: Yes
Uncontrolled Keywords: agricultural R&D, research lags, economic impact of agricultural research, knowledge stocks, France, dynamic time series.
JEL Classification: Q16 - R&D; Agricultural Technology; Agricultural Extension Services
Q18 - Agricultural Policy; Food Policy
Subjects: B- ECONOMIE ET FINANCE
Divisions: TSE-R (Toulouse)
Site: UT1
Date Deposited: 20 Apr 2020 14:30
Last Modified: 03 Sep 2020 12:45
OAI Identifier: oai:tse-fr.eu:123970
URI: http://publications.ut-capitole.fr/id/eprint/33867

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