Investments in and the Economic Returns to Agricultural and Food R&D Worldwide

P. G. Pardey, C. Chan-Kang, S. Dehmer, J. M. Beddow, T. M. Hurley, X. Rao, J. M. Alston

Research output: Chapter in Book/Report/Conference proceedingChapter

3 Scopus citations

Abstract

The global landscape of public and private investments in research and development (R&D) related to food and agriculture is changing dramatically. Privately performed R&D continues to give a substantial innovative edge to the higher income countries where most of this R&D takes place. However, through their public investments in R&D, the middle-income countries are growing in relative importance as producers of agricultural innovations. This pattern is reinforced by the chronic underinvestment in the lowest-income countries and shrinking investment by the high-income countries. Ample evidence of very high returns to investments in agricultural and food R&D gives strong indications of a persistent underinvestment worldwide.

Original languageEnglish (US)
Title of host publicationAgriculture and People
PublisherElsevier
Pages78-97
Number of pages20
ISBN (Print)9780080931395
DOIs
StatePublished - Jan 1 2014

Keywords

  • Benefit-cost ratio
  • Consultative Group on International Agricultural Research (CGIAR)
  • Crops
  • Livestock
  • National Agricultural Research Systems (NARS)
  • Natural resources
  • Rate of return
  • Research intensity
  • Spillovers

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