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Agricultural Knowledge, Science and Technology: Investment and Economic Returns | 513
Table 8-9. Summary of Internal Rate of Return (IRR) estimates
|
Number of IRRs reported |
Distribution |
Approx. median IRR |
|||||
|
0-20 |
21-40 |
41-60 |
61-80 |
81-100 |
100+ |
||
|
(count) |
|
|
|
(percent) |
|
|
|
Extension |
|
|
|
|
|
|
|
|
Farm observation: |
16 |
56 |
0 |
6 |
6 |
5 |
6 |
18 |
Aggregate observations |
29 |
24 |
14 |
7 |
0 |
27 |
27 |
80 |
Combined research and extension |
36 |
14 |
42 |
28 |
03 |
8 |
16 |
37 |
By region: |
|
|
|
|
|
|
|
|
OECD |
19 |
11 |
31 |
16 |
0 |
11 |
16 |
50 |
Asia |
21 |
24 |
19 |
19 |
14 |
.09 |
14 |
47 |
Latin America |
23 |
13 |
26 |
34 |
8 |
.08 |
.09 |
46 |
Africa |
10 |
40 |
30 |
20 |
10 |
0 |
0 |
27 |
All extension |
81 |
26 |
23 |
16 |
3 |
.19 |
13 |
41 |
Applied research |
|
|
|
|
|
|
|
|
Project evaluation |
121 |
25 |
31 |
14 |
18 |
6 |
7 |
40 |
Statistical |
254 |
14 |
20 |
23 |
12 |
10 |
20 |
50 |
Aggregate programs |
126 |
16 |
27 |
29 |
10 |
9 |
9 |
45 |
Commodity programs: |
|
|
|
|
|
|
|
|
Wheat |
30 |
30 |
13 |
17 |
10 |
13 |
17 |
51 |
Rice |
48 |
8 |
23 |
19 |
27 |
8 |
14 |
60 |
Maize |
25 |
12 |
28 |
12 |
16 |
8 |
24 |
56 |
Other cereals |
27 |
26 |
15 |
30 |
11 |
7 |
11 |
47 |
Fruits and vegetables |
34 |
18 |
18 |
09 |
15 |
9 |
32 |
67 |
All crops |
207 |
19 |
19 |
14 |
16 |
10 |
21 |
58 |
Forest products |
13 |
23 |
31 |
68 |
16 |
0 |
23 |
37 |
Livestock |
32 |
21 |
31 |
25 |
9 |
3 |
9 |
36 |
By region: |
|
|
|
|
|
|
|
|
OECD |
146 |
15 |
35 |
21 |
10 |
07 |
11 |
40 |
Asia |
120 |
08 |
18 |
21 |
15 |
11 |
26 |
67 |
Latin America |
80 |
15 |
29 |
29 |
15 |
7 |
6 |
47 |
Africa |
44 |
27 |
27 |
18 |
11 |
11 |
5 |
37 |
All applied research |
375 |
18 |
23 |
20 |
14 |
8 |
16 |
49 |
Pre-invention science |
12 |
0 |
17 |
33 |
17 |
17 |
17 |
60 |
Private sector R&D |
11 |
18 |
9 |
45 |
9 |
18 |
0 |
50 |
Ex-ante research |
87 |
32 |
34 |
21 |
6 |
1 |
6 |
42 |
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