Output Change In U.S. Agriculture: An Input-Output Analysis
AbstractThis paper analyzes output changes in the U.S. agricultural economy from 1972 to 1977 using a 477-sector input-output framework. The empirical model is based on benchmark input-output data from the U.S. Bureau of Economic analysis for 1972 and 1977. Output changes were decomposed into components attributable to technical change, domestic final demand change, export demand change and import substitution. A major advantage of the decomposition is its ability to identify the output change in a given sector due to general equilibrium effects in all sectors.
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Bibliographic InfoArticle provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.
Volume (Year): 25 (1993)
Issue (Month): 02 (December)
Import substitution; Input-output; Output change; Technical change; Production Economics;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Feldman, Stanley J & McClain, David & Palmer, Karen, 1987. "Sources of Structural Change in the United States, 1963-78: An Input-Output Perspective," The Review of Economics and Statistics, MIT Press, vol. 69(3), pages 503-10, August.
- Cooke, Stephen C. & Watson, Philip, 2011. "A Comparison of Regional Export Enhancement and Import Substitution Economic Development Strategies," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 41(1).
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