Stimulating private investment in agricultural research for greater impact on poverty reduction.
2006
Marr, A. | Chancellor, T.
This article reviews the international experience with approaches to encouraging private investment in agricultural research and technology for a greater impact on poverty reduction. Some specific types of technologies and the roles for public and private sector involvement in generating new technology are identified, as well as the potential for public-private partnerships. Three most promising mechanisms for stimulating private investment in agricultural research are then revised in some detail: taxation schemes, co-funding arrangements, and output-based approaches. The article concludes that in order to help create a significant impact on poverty reduction, the innovative incentive system of tying rewards to adoption of technology development is the most likely to succeed.
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