Returns to investment garlic research and development in Bangladesh: An ex-post analysis

Abstract

The study estimated the benefit and rates of returns to investment on garlic research and development in Bangladesh. The Economic Surplus Model with ex-post analysis was used to determine the returns to investment and their distribution between the production and consumption. Several discounting techniques were also used to assess the efficiency of garlic research. The adoption rate was found increasing trend over the period. The yield of BARI Developed Modern varieties of garlic was 45 to 58% higher than those of the traditional variety. Society got net benefit Tk 1221.96 million from the investment of garlic research and extension. The internal rate of return (IRR), net present value (NPV) and benefit cost ratio (BCR) were estimated to be 50%, Tk 433.57 million and 2.81, respectively. The results indicated that investment in research and developments of garlic become a good investment.