Title

Research payoffs from quality improvement : the case of protein in Australian wheat

Document Type

Journal article

Source Publication

American Journal of Agricultural Economics

Publication Date

8-1-1992

Volume

74

Issue

3

First Page

564

Last Page

572

Publisher

Oxford University Press

Abstract

A model is developed for evaluating the size and distribution of the economic benefits from research that improves the quality of an export commodity. Quality improvement, achieved by research or by agronomic practices, shifts the domestic and/or excess demand curves for an export commodity. Research costs are not modeled, but any shift in the supply curve (due to a change in yield, for example) accompanying the quality improvement is included. The model is used to estimate the gains from research that increases protein content in Australian wheat. It is estimated that Australia has the potential to obtain net benefits up to A$53 million per year from a one percentage point increase in the protein content in wheat. Over 90% of these gains accrue to wheat producers.

DOI

10.2307/1242569

Print ISSN

00029092

E-ISSN

14678276

Publisher Statement

Copyright © 1992 Oxford University Press. Access to external full text or publisher's version may require subscription.

Additional Information

Paper also presented at the 34th Annual Conference of the Australian Agricultural Econonics Society, University of Queensland, Brisbane, 12-15 February, 1990.

Full-text Version

Publisher’s Version

Language

English

Recommended Citation

Voon, J. P., & Edwards, G. W. (1992). Research payoffs from quality improvement: The case of protein in Australian wheat. American Journal of Agricultural Economics, 74(3), 564-572. doi: 10.2307/1242569

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