The Role of Agricultural Innovation: FROM THE TRADITIONAL APPROACH TOWARD A THEORY OF TECHNICAL AND INSTITUTIONAL CHANGE

In recent years, academics and policymakers have increasingly focused on the relationship among science, technological improvements, and pro-ductivity changes based on learning processes. This interaction has been especially important in studies on industry. However, few studies exist that engage both theoretically and quantitatively with agriculture. Over the past few decades, land has become an increasingly scarce resource, limiting agricultural output. Climate change has demanded more efficient water usage, and labor has decreased in rural areas due to an increase in urbanization and growth in the service sector. Incorporating technology into modern agriculture has become essential to achieve pro-ductivity gains and