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Research and productivity in Thai agriculture

Suphannachart, Waleerat; Warr, Peter

Description

This paper examines the impact that publicly funded agricultural research has on productivity in crop production within Thailand. It tests empirically the two hypotheses that, first, publicly funded research and development (R&D) in crop production is a significant determinant of total factor productivity (TFP) in the crop sector and, second, that its social rate of return is high. The statistical analysis applies error correction methods to national level time series data for Thailand,...[Show more]

dc.contributor.authorSuphannachart, Waleerat
dc.contributor.authorWarr, Peter
dc.date.accessioned2015-12-10T23:16:35Z
dc.identifier.issn1364-985X
dc.identifier.urihttp://hdl.handle.net/1885/65128
dc.description.abstractThis paper examines the impact that publicly funded agricultural research has on productivity in crop production within Thailand. It tests empirically the two hypotheses that, first, publicly funded research and development (R&D) in crop production is a significant determinant of total factor productivity (TFP) in the crop sector and, second, that its social rate of return is high. The statistical analysis applies error correction methods to national level time series data for Thailand, covering the period 1970-2006. Emphasis is given to public research in crop production, where most publicly funded agricultural R&D has occurred. The role of international research spillovers and other possible determinants of TFP are also taken into account. The results demonstrate that public investment in research has a positive and significant impact on TFP. International research spillovers have also contributed to TFP. The results support the finding of earlier studies that returns on public research investment have been high. This result holds even after controlling for possible sources of upward biases present in most such studies, due to the omission of alternative determinants of measured TFP. The findings raise a concern over declining public expenditure on crop research, in Thailand and many other developing countries.
dc.publisherBlackwell Publishing Ltd
dc.sourceAustralian Journal of Agricultural and Resource Economics
dc.subjectKeywords: agricultural research; crop production; developing world; investment; productivity; research and development; spillover effect; statistical analysis; total factor productivity; Thailand Agricultural research; Error correction model; Productivity; Thai agriculture
dc.titleResearch and productivity in Thai agriculture
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume55
dc.date.issued2011
local.identifier.absfor140201 - Agricultural Economics
local.identifier.ariespublicationf2965xPUB1056
local.type.statusPublished Version
local.contributor.affiliationSuphannachart, Waleerat, Kasetsart University
local.contributor.affiliationWarr, Peter, College of Asia and the Pacific, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue1
local.bibliographicCitation.startpage35
local.bibliographicCitation.lastpage52
local.identifier.doi10.1111/j.1467-8489.2010.00519.x
local.identifier.absseo970107 - Expanding Knowledge in the Agricultural and Veterinary Sciences
dc.date.updated2016-02-24T08:08:41Z
local.identifier.scopusID2-s2.0-78650797413
local.identifier.thomsonID000285873900003
CollectionsANU Research Publications

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