Economics, Econometrics and Finance
8 years ago

Hybrid corn innovation revolutionizes agricultural industry, boosting global food production.

Journal of Political Economy
Research Costs and Social Returns: Hybrid Corn and Related Innovations
Zvi Griliches

Paper Summary

Related papers

Economics, Econometrics and Finance
4 years ago

Monetary Policy Decisions Shaped 1970s Inflation Volatility, Finds Study

Macroeconomic Analysis
Macroeconomic Trends
Oil Price Shocks
3 views
Business, Management and Accounting
7 years ago

Stabilization policies crucial for well-being, downturns disproportionately harm vulnerable groups.

Retirement Planning
Monetary Models
Macroeconomic Analysis
4 views
Economics, Econometrics and Finance
8 years ago

Unemployment could drive down wages and fuel inflation

Macroeconomic Trends
Monetary Models
Macroeconomic Analysis
3 views

The article "Research Costs and Social Returns: Hybrid Corn and Related Innovations" by Zvi Griliches explores the costs and benefits of developing hybrid corn and other related innovations. The researchers analyzed the investment in research and development for these agricultural advancements and their impact on society. The key findings suggest that the research costs for developing hybrid corn were outweighed by the social returns, indicating that the innovations were beneficial for both farmers and the broader community.