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Trends and composition of private food and agricultural R & D expenditures in the United States
Author(s) -
Pray Carl E.,
Neumeyer Catherine
Publication year - 1990
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(199005)6:3<191::aid-agr2720060303>3.0.co;2-o
Subject(s) - agriculture , agricultural economics , productivity , slowdown , economics , private sector , international trade , economic growth , geography , archaeology
This article presents new data on the level and trends in private sector R & D on food, agriculture, and agricultural inputs. Private food and agricultural R & D grew about 4.6% annually between 1960 and 1986. The growth rate went down to 3.8% between 1980 and 1986. Much of the decline was accounted for by the decline in agricultural machinery R & D. Research divided by sales increased during the 1980s, indicating that the slowdown in R & D growth was due to the slowdown in sales rather than mergers or decreasing productivity of R & D.