Agricultural RandD investment, poverty and economic growth in sub-Saharan Africa: Prospects and needs to 205 Report as inadecuate




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This paper looks at past trends of agricultural R&D allocation in developing countries, projects future performance of agriculture in these regions based in past investment and determines the optimal allocation of R&D investment across regions to maximize global welfare using a dynamic linear programming model of global agriculture. Results suggest that present allocation of agricultural R&D in SSA is highly inefficient and substantial gains could be obtained by increasing investment in East Africa in the next twenty years. At the global level, differences between efficient and present investment allocation are smaller than those observed within SSA due to the importance of China as an innovator in agriculture.

Keywords: agriculture ; growth ; optimization ; poverty ; R&D investment

Subject(s): Agricultural and Food Policy

Agricultural Finance

International Development

Issue Date: 2012

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/126802

Total Pages: 24

Record appears in: International Association of Agricultural Economists (IAAE) > 2012 Conference, August 18-24, 2012, Foz do IguaƧu, Brazil





Author: Nin Pratt, Alejandro

Source: http://ageconsearch.umn.edu/record/126802?ln=en



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