Costs, Benefits, and Welfare Implications of USAID Investment in Agricultural Research through U.S. Universities. (30th August 2022)

• Record Type: Journal Article
• Authors: Dalton, Timothy J.; Fuglie, Keith
• Is Part Of: Journal of agricultural and applied economics. Volume 54:Number 3(2022)
• Page Start: 461
• Page End: 479
• Publication Date: 2022-08-30
• Subjects: agriculture -- development -- international -- investment -- research; O1 -- O3 -- Q1; Agriculture -- economics; Agriculture -- Economic aspects -- Periodicals; Agriculture -- Economic aspects -- Southern States -- Periodicals; Agriculture -- Economic aspects -- United States -- Periodicals; Agriculture -- Aspect économique -- Périodiques; Agriculture -- Aspect économique -- États-Unis -- Périodiques; Agrarökonomik; Agrarmarkt; USA; Welt; Agriculture -- Economic aspects; United States; Periodicals; 338.10975
• DOI: 10.1017/aae.2022.18
• Languages: English
• ISSNs: 1074-0708

Abstract

Abstract: The U.S. Agency for International Development has invested limited funds in international agricultural research through U.S. universities. We present a meta-analysis of impact case studies from this investment. The median net present value of economic impacts at purchasing power parity is PPP$8.4 billion compared to a cumulative investment of US$1.24 billion over 1978–2018. About four-fifths of these economic benefits accrued to individuals with incomes under $5.50/day and about 29% to those in extreme poverty. In addition to these limited case studies evaluating financial benefits and costs, we present several types of additional non-economic benefits.