Efficiency effects of agricultural economics research in the United States |
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Authors: | David E. Schimmelpfennig Christopher J. O'Donnell George W. Norton |
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Affiliation: | Economic Research Service, U.S. Department of Agriculture, 1800 M Street, NW, Room 4179, Washington DC 20036, USA;Centre for Efficiency and Productivity Analysis (CEPA), School of Economics, University of Queensland, Australia;Department of Agricultural and Applied Economics, Virginia Tech, Blacksburg, VA 24061, USA |
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Abstract: | Allocations of research funds across programs are often made for efficiency reasons. Social science research is shown to have small, lagged but significant effects on U.S. agricultural efficiency when public agricultural R&D and extension are simultaneously taken into account. Farm management and marketing research variables are used to explain variations in estimates of allocative and technical efficiency using a Bayesian approach that incorporates stylized facts concerning lagged research impacts in a way that is less restrictive than popular polynomial distributed lags. Results are reported in terms of means and standard deviations of estimated probability distributions of parameters and long‐run total multipliers. Extension is estimated to have a greater impact on both allocative and technical efficiency than either R&D or social science research. |
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Keywords: | Z00 |
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