Please use this identifier to cite or link to this item: https://une.intersearch.com.au/unejspui/handle/1959.11/262
Title: Issues in benefit-cost analysis of agricultural research projects
Contributor(s): Marshall, GR (author); Brennan, JP (author)
Publication Date: 2001
DOI: 10.1111/1467-8489.00139
Handle Link: https://hdl.handle.net/1959.11/262
Abstract: Use of benefit-cost analysis for economic comparison of agricultural research projects remains confounded, inter alia, by lack of rigour in specifying the without-project scenario and how benefits from an innovation endure after its adoption declines. Failure to account for the without-project scenario favours projects to the extent that more benefits are foregone than costs avoided. Moreover, it is unreasonable to assume generally that aggregate benefits from an innovation continue at the peak level until the end of a 30–40 year planning horizon. A general BCA model for agricultural research projects is presented to enable flexible handling of these issues.
Publication Type: Journal Article
Source of Publication: The Australian Journal of Agricultural and Resource Economics, 45(2), p. 195-213
Publisher: Blackwell Publishing Ltd
Place of Publication: Australia
ISSN: 1364-985X
Field of Research (FOR): 140201 Agricultural Economics
Peer Reviewed: Yes
HERDC Category Description: C1 Refereed Article in a Scholarly Journal
Statistics to Oct 2018: Visitors: 78
Views: 79
Downloads: 0
Appears in Collections:Journal Article

Files in This Item:
2 files
File Description SizeFormat 
Show full item record

Page view(s)

52
checked on Dec 29, 2018
Google Media

Google ScholarTM

Check

Altmetric

SCOPUSTM   
Citations

 

Items in Research UNE are protected by copyright, with all rights reserved, unless otherwise indicated.