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The agricultural innovation process: Research and technology adoption in a changing agricultural sector
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2001
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New TechnologiesInnovation AdoptionApplied EconomicsInduced InnovationAgricultural EconomicsTechnology AdoptionAgri-environmental PolicyTechnology DiffusionFarming SystemSustainable AgriculturePublic HealthTechnology TransferEconomicsAgricultural ImpactTechnology PolicyAgricultural Innovation ProcessInnovationAgricultural SystemAgricultural TechnologyBusinessNatural Resource EconomicsAgricultural SectorTechnology
The chapter reviews the generation and adoption of new technologies in agriculture and outlines future research and policy challenges. The chapter examines models of induced innovation, the political economy of public research investments, and the economics of technology adoption, including threshold and diffusion models and the influence of risk, uncertainty, dynamic factors, and government interventions.
The chapter reviews the generation and adoption of new technologies in the agricultural sector. The first section describes models of induced innovation and experimentation, considers the political economy of public investments in agricultural research, and addresses institutions and public policies for managing innovation activity. The second section reviews the economics of technology adoption in agriculture. Threshold models, diffusion models, and the influence of risk, uncertainty, and dynamic factors on adoption are considered. The section also describes the influence of institutions and government interventions on adoption. The third section outlines future research and policy challenges.