Agricultural productivity and food security: Role of public and private sector investment in research and development

Usman, M. and Ahmed, U.J. and Javed, M. (2017) Agricultural productivity and food security: Role of public and private sector investment in research and development. Journal of Environmental and Agricultural Sciences, 12. pp. 1-10.

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Abstract

The aim of this study is to observe the impact of public and private agricultural research and development (R&D) investment on agricultural productivity and food security. To testify aforementioned goal, we use worldwide data collected from Food and Agricultural Organization (FAO), United State Department of Agriculture (USDA), and World Development Indicators (WDI). The study time span is from 1990 to 2014. By using different control variables, we found positive and statistically significant impact of both public and private agricultural R&D investment on agricultural productivity and food security. Furthermore, private sector agricultural R&D investment has higher impact, as compare to public sector agricultural R&D investment. However, both types of agricultural investments encourage total factor productivity. These results are further verified by using different proxies for agricultural productivity and food security. Study implications suggest that, R&D investment in the field of agriculture is very important for long term agricultural productivity and food security.

Item Type: Article
Uncontrolled Keywords: Public Agricultural R&D, Private Agricultural R&D, Agricultural Productivity, Food Security
Author Affiliation: School of Finance, Zhongnan University of Economics and Law, Wuhan, P.R. China
Subjects: Plant Production
Divisions: General
Depositing User: Mr T L Gautham
Date Deposited: 08 May 2018 06:07
Last Modified: 08 May 2018 06:07
URI: http://eprints.icrisat.ac.in/id/eprint/15429

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