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An Economic Assessment of Banana Genetic Improvement and ...

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20 CHAPTER 2<br />

Figure 2.4 Time pr<strong>of</strong>iles <strong>of</strong> research costs <strong>and</strong> benefits<br />

Gross annual benefits<br />

(US$ per year)<br />

Technology-induced<br />

benefits<br />

0 R&D, regulatory, <strong>and</strong><br />

15 20<br />

25 30<br />

dissemination costs<br />

Years<br />

R&D <strong>and</strong> regulatory<br />

time lags<br />

<strong>An</strong>nual cost<br />

Source: Alston, Norton, <strong>and</strong> Pardey (1995).<br />

Adoption pr<strong>of</strong>ile<br />

year <strong>and</strong> the horizontal axis represents years<br />

after the commencement <strong>of</strong> the R&D<br />

investment. here> 2.4hear

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