Harvesting Prosperity: Technology and Productivity Growth in Agriculture; Investing in Innovation
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Date
2020
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Abstract
Agriculture's sustainability and productivity depend heavily on research and development (R&D) efforts to overcome resource limitations and adapt to changing environmental conditions. This paper examines the role of innovation policies in shaping agricultural R&D investments and their impact on productivity growth, especially in the context of evolving global markets and technological advancements. Key factors influencing agricultural innovation include the need for local adaptation, challenges in technology dissemination, and addressing market failures. The paper emphasizes the importance of public investment in R&D, private sector engagement, and international collaborations to enhance agricultural productivity. It also highlights the significance of creating an enabling environment and building human capital to support innovation in agriculture.
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Keywords
Research and development, Innovation
Citation
Pray, C.E., L. Nagarajan, A. Naseem, and J.R. Anderson. 2020. “Chapter 3: Investing in Innovation,” IN Harvesting Prosperity: Technology and Productivity Growth in Agriculture, pp. 95-146, K. Fuglie, M. Gautam, A. Goyal, and W. Maloney (Eds.), World Bank.https://openknowledge.worldbank.org/bitstream/handle/10986/32350/978146481393.pdf?sequence=6&isAllowed=y