Journal Article

Endogenous Commodity Policies and the Social Benefits from Public Research Expenditures

Johan F.M. Swinnen and Harry de Gorter

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 80, issue 1, pages 107-115
Published in print February 1998 | ISSN: 0002-9092
Published online February 1998 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/3180273
Endogenous Commodity Policies and the Social Benefits from Public Research Expenditures

More Like This

Show all results sharing these subjects:

  • Technological Change; Research and Development
  • Agricultural Economics

GO

Show Summary Details

Preview

Standard analyses of social benefits of public agricultural research expenditures in the presence of commodity policies take the commodity policy as fixed. In reality governments adjust commodity policy levels when the research has important income distributional effects. We use two examples of commodity policies to analyze the consequences of endogenizing commodity policies under three alternative decision-making models of government. Relaxing the assumption of fixed commodity policies has important impacts on conclusions regarding the social benefits of research in the presence of commodity policies.

Keywords: endogenous policy; income distribution; public research; O330; Q160; Q180

Journal Article.  0 words. 

Subjects: Technological Change; Research and Development ; Agricultural Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.