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Behavior and Productivity Implications of Institutional and Project Funding of Research
Author(s) -
Bredahl Maury E.,
Bryant W. Keith,
Ruttan Ver W.
Publication year - 1980
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1240192
Subject(s) - allocative efficiency , productivity , economics , agriculture , public economics , business , agricultural economics , microeconomics , economic growth , ecology , biology
A behavioral model of a research scientist is utilized to develop the characteristics of the demand for institutional (lR) and project research (PR) funds. The demand analysis implies a trade‐off between the allocative and productive efficiency of IR funding and the research output mix of PR funding. The model is used to evaluate the formula and competitive grant funding of U.S. agricultural research. We conclude that national research policy should be cast in terms of the relative mix of the two systems of support, not in the absolute merits of either system.