1Division of Dairy Economics, Statistics and Management, ICAR- National Dairy Research Institute, Karnal, Haryana, 132001, India
2Department of Economics, School of Management, Pondicherry University, Pondicherry, 605014, India
*Corresponding author: babitakathayat1@gmail.com
Online published on 24 March, 2023.
Limited literature and outdated estimates on economic impact of livestock research investment in Indian context motivated us to undertake this study. It attempts to fill the gap by utilizing a unique panel dataset of 15 states from 1991–92 to 2017–18. Using fixed effects panel regression approach, we find that investment on livestock research has significant positive impact on livestock productivity. Regionally, the impact was higher in north followed by south, east and west zones. Overall, a high marginal internal rate of return to research investment (40.9%) indicates substantial economic gains. Findings of the study reiterates that research investment is crucial determinant of productivity growth, thus recommends higher allocation of resources to livestock research.
Livestock, Productivity, Research, Impact, Economic Returns, Fixed effects
