Economics of Research and Innovation in Agriculture
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agriculture
arable land
business
Category=AG
climate change
commercialization
corn
crops
dairy
economics
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extreme weather
famine
farming
food supplies
global warming
grain
heat
innovation
international
natural resources
nonfiction
output
poverty
productivity
public policy
scarcity
venture capital
water rights
wisconsin
yield
Product details
- ISBN 9780226779058
- Weight: 540g
- Dimensions: 152 x 229mm
- Publication Date: 08 Oct 2021
- Publisher: The University of Chicago Press
- Publication City/Country: US
- Product Form: Hardback
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Feeding the world’s growing population is a critical policy challenge for the twenty-first century. With constraints on water, arable land, and other natural resources, agricultural innovation is a promising path to meeting the nutrient needs for future generations. At the same time, potential increases in the variability of the world’s climate may intensify the need for developing new crops that can tolerate extreme weather. Despite the key role for scientific breakthroughs, there is an active discussion on the returns to public and private spending in agricultural R&D, and many of the world’s wealthier countries have scaled back the share of GDP that they devote to agricultural R&D. Dwindling public support leaves universities, which historically have been a major source of agricultural innovation, increasingly dependent on industry funding, with uncertain effects on the nature and direction of agricultural research. All of these factors create an urgent need for systematic empirical evidence on the forces that drive research and innovation in agriculture. This book aims to provide such evidence through economic analyses of the sources of agricultural innovation, the challenges of measuring agricultural productivity, the role of universities and their interactions with industry, and emerging mechanisms that can fund agricultural R&D.
Petra Moser is professor of economics at New York University, a research fellow of the Center for Economic Policy Research, and a research associate of the National Bureau of Economic Research.
