Issues in measuring returns from RD&E investments in the Australian grains industry

Kuo Li, Ross Kingwell, Garry Griffith, Bill Malcolm

Research output: Contribution to journalArticle

Abstract

Governments and funding agencies are interested in demonstrating the economic impacts of research to justify their investments and to prioritise future research investments. The Grains Research and Development Corporation invests around $200 million annually in a varied portfolio of research in the Australian grains industry. The Corporation does not have access to an industry-wide equilibrium displacement model to help assess likely returns to investments in research, development and extension projects. In this paper the issues involved in developing an industry level model of the Australian grains industry are canvassed.
Original languageEnglish
Article numberpaper 15
Pages (from-to)246-282
Number of pages37
JournalAustralasian Agribusiness Perspectives
Volume21
Publication statusPublished - 2018
Externally publishedYes

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