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