National Centre for Agricultural Economics and Policy Research (NCAP), New Delhi, 110012.
1We are grateful to the PIU-NATP for providing financial support for this study under PME sub-project of NATP. Thanks are due to the PIs of the selected projects and AEDs for providing the required information at various stages of impact assessment.
Efficiency impacts of research investments in a few projects under the National Agricultural Technology Project (NATP) have been estimated using the economic surplus approach. The model has been applied in a closed economy framework with the assumption of no spillover effects. The quantified economic pay-offs ofthese impacts in terms of NPY, IRR, and benefit-cost ratio for most of the technologies have been found quite attractive. Besides, there are indications of impacts on sustainability of the production systems. It has been concluded that returns to investment on dissemination of available technologies are enormous and therefore should receive immediate attention.
Agricultural technology, research investment, economic surplus, research impact, NATP
