Efficiency and Equity in Public Research: Rice Breeding in Japan's Economic Development
作者:
Masakatsu Akino,
Yujiro Hayami,
期刊:
American Journal of Agricultural Economics
(WILEY Available online 1975)
卷期:
Volume 57,
issue 1
页码: 1-10
ISSN:0002-9092
年代: 1975
DOI:10.2307/1238834
出版商: Oxford University Press
数据来源: WILEY
摘要:
AbstractResearch contributes to the public good and public support is required in order to attain a socially optimum level of investment in research. However, the extremely high rate of returns to rice research in Japan provides evidence that an underinvestment in agricultural research is typical. Financing rice research out of government tax revenue is rationalized in terms of its contribution to the national goal of economic development.
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