The Impact of Public R&D Investments on Agricultural Productivity
(Pages 284-291)Bouali Guesmi1,2,* and José María Gil1
1Center for Agro-Food Economics and Development (CREDA-UPC-IRTA). Parc Mediterrani de la Tecnologia,
Edifici ESAB, Avinguda del Canal Olímplic s/n, 08860 Castelldefels, Spain.
2University of Carthage, Mograne Higher School of Agriculture, LR03AGR02-SPADD, Zaghouan 1121, Tunisie.
DOI: https://doi.org/10.55365/1923.x2021.19.29
Abstract:
The present study aims at assessing the impact of the public agricultural research and development (R&D) on the total factor productivity in Catalonia. To do so, we use a complementary approach based on econometric and accounting techniques to examine the relationship between public investments in agricultural R&D and the productivity growth over the period 1985–2015. Results show that the productivity grew on average at an annual rate less than one percent. However, the growth was much faster during the tow first decades of the analysis. In addition, our empirical findings indicate that the public agricultural R&D has a significant and positive impact on the Catalan agricultural productivity. From a cost–benefit perspective, the estimates reveal a high return (15-28%) to R&D investments which has contributed to improve the productivity performance of the agricultural sector in Catalonia.
Keywords:
R&D Investments, Knowledge Stock, Productivity Growth, Social Return.
How to Cite:
Bouali Guesmi and José María Gil. The Impact of Public R&D Investments on Agricultural Productivity. [ref]: vol.19.2021. available at: https://refpress.org/ref-vol19-a29/
Licensee REF Press This is an open access article licensed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.