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Agricultural and Resource Economics
University of Nebraska - Lincoln
Articles 1 - 4 of 4
Full-Text Articles in Social and Behavioral Sciences
What Comes First, Agricultural Growth Or Democracy?, Lilyan E. Fulginiti
What Comes First, Agricultural Growth Or Democracy?, Lilyan E. Fulginiti
Lilyan E. Fulginiti Publications
Today, the international community faces two major development challenges, how to ignite growth and how to establish democracy. Economic research has identified two plausible hypotheses regarding this association. The first hypothesis emphasizes the need to start with democracy and institutions that secure property rights. The second hypothesis emphasizes the need to start with physical and human capital accumulation. In this paper we discuss some of the econometric evidence on the relationship between institutions, human capital, and agricultural productivity growth across developed and developing countries with the objective of finding support for one or the other hypothesis. We use Barro type …
Rates Of Return To Public Agricultural Research In 48 U.S. States, Alejandro Plastina, Lilyan E. Fulginiti
Rates Of Return To Public Agricultural Research In 48 U.S. States, Alejandro Plastina, Lilyan E. Fulginiti
Lilyan E. Fulginiti Publications
The internal rate of return (IRR) to public investment in agricultural R&D is estimated for each of the continental U.S. states. Theoretically, our contribution provides a way of obtaining the returns to a local public good using Rothbart’s concept of virtual prices. Empirically, we use the spatial dependency among states generated by knowledge spillovers to define the ‘appropriate’ jurisdiction. We estimate an average own-state rate of 17% and a social rate of 29%. These figures should inform the policy debate on the allocation of federal funds to research in the actual food crisis environment.
Public Inputs And Dynamic Producer Behavior: Endogenous Growth In U.S. Agriculture, Alejandro Onofri, Lilyan E. Fulginiti
Public Inputs And Dynamic Producer Behavior: Endogenous Growth In U.S. Agriculture, Alejandro Onofri, Lilyan E. Fulginiti
Lilyan E. Fulginiti Publications
This paper is an attempt to understand the impact of public R&D and public infrastructure on the performance of the U.S. agricultural sector during the last part of the twentieth century. A neoclassical Solow growth model is not sufficient for this understanding given the sustained growth performance of the sector. We base our analysis on a well known endogenous growth model, the 'AK model' where nonconvexities are introduced through non-rival inputs. Based on these models and within the dynamic models that rationalize private and public decision making, we have identified three testable hypotheses regarding the aggregate agricultural production technology. They …
Rejoinder, Alejandro Onofri, Lilyan Fulginiti
Rejoinder, Alejandro Onofri, Lilyan Fulginiti
Lilyan E. Fulginiti Publications
No abstract provided.