Impact of Agricultural R&D on Sectoral Economic Growth

Public and private investment in agricultural research and development (R&D) creates preconditions for the implementation of more advanced and better technologies. It enables the introduction of new production processes and products which can result in higher earnings and potential sectoral economic growth in Agriculture. Despite the fact that accelerated agricultural research and development is a catalyst for the beginning of the long-run economic activity, its importance is not widely investigated at regional levels. The East Africa economies have defined strategies that view innovation as an essential element in stimulating growth and job creation. The goal of this study is to establish the role of agricultural R&D in fostering sectoral economic growth of East Africa states. The data used in this research were panel data of the East Africa Countries for the period from 2001 to 2015. The result showed that agricultural sector R&D is important factor in explaining sectoral economic growth in East Africa. Therefore, only innovation through increasing Agricultural R&D expenditure and strengthening institutions can sufficiently drive sustainable sectoral output growth and development in East Africa economies. Thus, East Africa nations need to strengthen and build their agricultural research and development capacity while aligning of policies and procedures of research organizations to achieve sustainable sectoral economic growth.

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Public financing in agricultural research development and rural poverty alleviation in West African Economic and Monetary Union (WAEMU) States

10.21203/rs.3.rs-57470/v1 ◽

2020 ◽

Author(s):

Ollo DAH ◽

Toussaint Boubié BASSOLET

Keyword(s):

Research And Development ◽

Monetary Union ◽

Agricultural Sector ◽

Agricultural Research ◽

Rural Poverty ◽

West African ◽

Economic And Monetary Union ◽

Farm Income ◽

Agricultural Income ◽

Agricultural Research And Development

Abstract This paper analyzed the effects of public funding for agricultural research and development on rural poverty reduction through farm income in West African Economic and Monetary Union (WAEMU) countries. To conduct this analysis, an agricultural production function was developed that integrates public policies. In view of the scope of the analysis, a dynamic panel was developed to take into account the dynamics of agricultural income. The data used in this research were mainly taken from the databases of the World Bank, the African Development Bank and the FAO and cover the period from 2000 to 2016. The data were estimated using the Generalized Moment Method (GMM) in system. The results show that public spending on agricultural research and development contributes to reducing rural poverty through increased agricultural income. Thus, it is recommended that WAEMU states make efforts in the allocation of public resources in the area of agricultural research and development to boost the development of the agricultural sector and significantly reduce rural poverty.

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Distributional Weights in Benefit-Cost Analysis: Examples from Rwanda and Uganda

Journal of Agricultural & Food Industrial Organization ◽

10.1515/jafio-2021-0003 ◽

2021 ◽

Vol 0 (0) ◽

Author(s):

Charles B. Moss ◽

Andrew Schmitz

Keyword(s):

Developing Countries ◽

Cost Analysis ◽

Research And Development ◽

Agricultural Research ◽

Systematic Variation ◽

Policy Makers ◽

Benefit Cost Analysis ◽

Small Producer ◽

Agricultural Research And Development ◽

Benefit Cost

Abstract The question of how to allocate scarce agricultural research and development dollars is significant for developing countries. Historically, benefit/cost analysis has been the standard for comparing the relative benefits of alternative investments. We examine the potential of shifting the implicit equal weights approach to benefit/cost analysis, as well as how a systematic variation in welfare weights may affect different groups important to policy makers. For example, in the case of Rwandan coffee, a shift in the welfare weights that would favor small coffee producers in Rwanda over foreign consumers of Rwandan coffee would increase the support for investments in small producer coffee projects. Generally, changes in welfare weights alter the ordering for selecting investments across alternative projects.

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