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Article
Diversification Effect of Real Estate Investment Trusts: Com¬paring Copula Functions with Kernel Methods.
Journal of Agricultural and Resource Economics (2011)
  • Ruifa Hu
  • Qing Liang
  • Carl Pray, Rutgers University - New Brunswick/Piscataway
  • yanhong jin, Rutgers University
Abstract
Private R&D is a major source of innovation and productivity growth in agriculture worldwide. This paper examines trends and determinants of agricultural R&D in China. Results show that while the public sector monopolized agricultural research until recently, private agricultural R&D has grown rapidly since 2000, driven largely by agribusiness privatization. Public-sector R&D investments in basic research also encouraged private R&D research, but public investments in technology development crowded out private R&D investment. China’s private R&D investment would grow more rapidly if the government shifted public resources from technology development to basic research.
Keywords
  • Agriculture,
  • China,
  • Private R&D,
  • Privatization,
  • Public R&D
Publication Date
2011
Citation Information
Ruifa Hu, Qing Liang, Carl Pray and yanhong jin. "Diversification Effect of Real Estate Investment Trusts: Com¬paring Copula Functions with Kernel Methods." Journal of Agricultural and Resource Economics Vol. 36 Iss. 2 (2011)
Available at: http://works.bepress.com/yanhong_jin/14/