Economic Impact of Scientific Knowledge: The Case of Plant Genetics
DOI:
https://doi.org/10.55444/2451.7321.2008.v46.n1.3846Keywords:
agricultural production, productivity, plant biotechnology, research and development, economic impactAbstract
Scientific innovation constitutes an important factor of economic growth. This paper estimates the economic impact of one scientific type of innovation: genetics applied to seed production. In Argentina, previous research on this topic has been focalized on the impact of genetic innovation on partial productivity measures - in particular land productivity. In contrast, this paper utilizes a production function framework to estimate the impact of genetic improvement, controlling for the use of other inputs. Two data bases with a panel structure are used: one integrated by a cross-section of countries (including Argentina), the other includes only data for Argentina for different kid of crops. Results show there is important economic returns associated with innovation in crop genetics.
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Copyright (c) 2008 Alberto Arizu, Victor Castro, Marcos Gallacher
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