The Determinants of Private Agricultural R&D: Evidence from India
Over the past three decades, India's agricultural input industries have undergone significant changes. Private agribusiness R&D has experienced substantial growth, with the state-owned firms from the Green Revolution era either stagnating or declining. Indian corporations, once protected from foreign competition, are now exporting agricultural tractors and pesticides, while foreign multinational corporations are increasing their presence in the seed, pesticide, and machinery sectors. This transformation has been driven by factors such as strong demand for inputs, changes in policy, and advancements in technology. This paper empirically examines government policies, technology, institutions, and R&D investments contributing to this transformation. It explores the dynamic relationship between public and private research, the impact of public sector research on the private sector, and the effects of various exogenous factors on private R&D in India's agricultural input industry.
Fertilizers, Research and Development