Testing the Induced Innovation Hypothesis : accounting for innovation creation and innovation implementation incentives
No Thumbnail Available
Meeting name
Sponsors
Date
Journal Title
Format
Article
Abstract
Despite extensive empirical literature on the induced innovation hypothesis in US agriculture, this article reports only the second set of tests for this industry that account for supply as well as demand for new input-saving technology. Rather than assuming a specific innovation production function, we examine the relationship between research intensity and input prices in several different reduced-form specifications. Considering four inputs in the innovation-implementing industry -- land, labor, fertilizer, and energy -- we find non-trivial but limited support for the induced innovation hypothesis in public agricultural research. The most support for the hypothesis is found for research decisions aimed at saving fertilizer, followed in turn by energy, labor, and land.
Table of Contents
DOI
PubMed ID
Degree
Thesis Department
Rights
OpenAccess.
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.