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Estimating Returns to Agricultural Research, Extension, and Teaching at the State Level

Published online by Cambridge University Press:  28 April 2015

George W. Norton ,
Joseph D. Coffey  and
E. Berrier Frye
George W. Norton
Affiliation:
Department of Agricultural Economics, Virginia Polytechnic Institute and State University
Joseph D. Coffey
Affiliation:
Southern States Cooperative, Department of Agricultural Economics, Virginia Polytechnic Institute and State University
E. Berrier Frye
Affiliation:
Department of Agricultural and Resource Economics, University of Maryland
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Abstract

The majority of decisions concerning investment and allocation of public funds for agricultural research, extension, and teaching (RET) are made at the state-level, while most of the quantitative RET evaluations are made on a national basis. This paper illustrates an approach for conducting a disaggregated state-level evaluation of agricultural research, extension, and teaching. Ridge regression is employed to handle multicollinearity problems.

Keywords

researchextensionteachingevaluationmulticollinearityridge regression
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 16 , Issue 1 , July 1984 , pp. 121 - 128
Copyright
Copyright © Southern Agricultural Economics Association 1983

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