THE RATE OF RETURN ON EXPENDITURES OF THE SOUTH AFRICAN AGRICULTURAL RESEARCH COUNCIL (ARC)

Abstract

All the rate of return estimates, regardless of methodology or the level of aggregation, are entirely consistent and logical. The returns show that the ARC has been extremely successful economically and has followed a sound strategy of exploiting spillovers from foreign R&D systems. However, there must be a strong socio-economic component to the ARC's efforts if it is to reach the disadvantaged