Vol - 17, Issue - 05
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Journal of the Austrian Society of Agricultural Economics (JASAE)
Journal ID : JASAE-19-05-2021-81
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Abstract : The Thai government has been heavily supporting Thailand’s livestock research projects for many years. Indeed, 4,046 projects were funded in the years 2008-2017 with a budget totaling more than 1.8 million THB (present value, 2008 as base year with 5% discount rate). The projects sought to find solutions to specified problems and to recommend sustainable development innovations to stimulate growth within Thailand’s livestock industry, often with domestic and international dimensions: animal feed and health, economic and commercial trade policies, logistics and supply chain infrastructure, and epidemic prevention and management. This study undertook to evaluate the economic impact and overall value of Thailand’s livestock research projects, focusing on the academic and economic impacts of the projects over the past recent decade, 2008-2017. Primary data were collected from several field surveys and interviews of researchers, users, and related stakeholders. Secondary data were obtained from the National Research and Innovation Information System (NARIIS), the National Research Council of Thailand (NRCT). Changes in economic surplus was primarily used to evaluate the economic impact, by applying NPV, BCR, and IRR indexes. The study’s research using scholarship citation databases revealed that Thailand’s livestock research projects, during this period, were increasingly published and cited in highly regarded international academic journals, but in recent years, to a lesser extent in Thai scholarly research journals. This is likely related to increasing interest and awareness internationally about the growth and innovation in Thailand’s livestock industry. To assess the economic impact of the funded research projects, this study selected eight projects that were regarded as particularly successful; these projects have prompted practical implementations and led to notable beneficial commercial, economic, or environmental impacts. These economic and socio- environmental outcomes illustrate the potential benefits and justify the investments that have made in Thailand’s livestock research. Consequently, the Thai government has begun to track the management of livestock research funds and projects even more thoroughly. Overall, the analysis of the data indicates that Thailand’s investment in livestock research has strengthened the competitiveness of the Thai livestock industry; furthermore, the policy reforms and technical innovation fostered by the research has facilitated operational aspects of even small and mid-size livestock entrepreneurs and enterprises, enabling them to perform well in domestic and international markets.

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