Farmer-entrepreneurs, agricultural innovation, and explosive research and development cycles

Artikel

Private sector research and development (R&D) in food processing has seen a growing share of agricultural R&D. This paper analyzes market and technological links between farmer-entrepreneurs and food processing firms. It is shown that processing sector R&D tends to display explosive cycles. To avoid explosive cycles, the processing sector sets the R&D growth path and its target. Dynamic adjustments are related to the shadow price of R&D and farm output price. In equilibrium, the effects of increases in technological innovations (e.g., at the farm level, in public agricultural research, from entrepreneurial talent, in processing sector R&D, and in the price of final goods) on agricultural price and output are positive. The patent race does not affect steady-state agricultural price and output, nor processing sector R&D; it only reduces the opportunity cost of R&D.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Administrative Sciences ; ISSN: 2076-3387 ; Volume: 6 ; Year: 2016 ; Issue: 4 ; Pages: 1-11 ; Basel: MDPI

Classification and Topics

• Classification: Öffentliche Verwaltung
• Subject: agricultural innovations ; research and development cycles

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Faria, João Ricardo ; Mixon, Franklin G.
• Event: Veröffentlichung
• (who): MDPI
• (where): Basel
• (when): 2016

Further information

• DOI: doi:10.3390/admsci6040013
• Handle: http://hdl.handle.net/10419/239771
• Last update: 10.03.2025, 11:42 AM CET