Private-Sector Investment in R&D: A Review of Policy Options to Promote its Growth in Developing-Country Agriculture
نویسندگان
چکیده
Technological innovation is vital to enhancing agricultural productivity and reducing poverty in many developing countries. Public investment in research and development has historically driven technological change in agriculture; however, recent trends suggest that the private sector may play a larger role in the future. Although there is optimism about the private sector’s ability to generate new technologies relevant to developing-country agriculture, current levels of private investment remain low. The authors examine the determinants of private R&D investment in developing-country agriculture, the market, and institutional constraints that limit the growth of investment, and incentives that can promote more rapid investment growth. [EconLit classification: O300, Q160]. r 2010 Wiley Periodicals, Inc.
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The Private Sector in Agricultural R&D: Policies and Institutions to Foster its Growth in Developing Countries
New technologies are critical to enhancing agricultural productivity and reducing poverty in many developing countries. While public-sector investment in research has historically driven technological change in agriculture, recent trends suggest that the public sector’s role may not be as significant in the future. There is much optimism about the private sector’s capacity to deliver new techno...
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