publication . Article . Other literature type . 1992

Canadian dairy policy and the returns to federal dairy cattle research

Fox, Glenn; Roberts, Bruce; Brinkman, George L.; Fox, Glenn; Roberts, Bruce; Brinkman, George L.;
Open Access
  • Published: 01 Jan 1992
Abstract
The economic surplus approach is used to estimate the returns to federal investments in dairy cattle research in Canada. A national supply function is estimated using time series data. Lagged research expenditures are included as explanatory variables in the model, facilitating the calculation of marginal as well as average benefits from research. Simulation analysis is used to study the effects of product market distortions associated with Canadian dairy policy as well as of the marginal excess burden on the rates of return to research and on the distribution of research benefits. Returns were found to be high at the margin. Distortions in the product market ha...
Subjects
free text keywords: Livestock Production/Industries, Research and Development/Tech Change/Emerging Technologies,, Livestock Production/Industries, Research and Development/Tech Change/Emerging Technologies, Agronomy and Crop Science, Economics and Econometrics, Dairy cattle, Agricultural economics, Economics, Supply, Rate of return, Economic surplus, Product market, Time series
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8 Agricultural research in Australia has been financed, in part, by producer levies.

9 For further discussion of this topic, see Haque eta!. (1989), Fox eta!. (1990) and Lindner and Pannell (1990).

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publication . Article . Other literature type . 1992

Canadian dairy policy and the returns to federal dairy cattle research

Fox, Glenn; Roberts, Bruce; Brinkman, George L.; Fox, Glenn; Roberts, Bruce; Brinkman, George L.;