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Output Change In U.S. Agriculture: An Input-Output Analysis

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  • Holland, David W.
  • Martin, R.P.

Abstract

This 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.

Suggested Citation

  • Holland, David W. & Martin, R.P., 1993. "Output Change In U.S. Agriculture: An Input-Output Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(02), December.
  • Handle: RePEc:ags:joaaec:15040
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    File URL: http://purl.umn.edu/15040
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    References listed on IDEAS

    as
    1. 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 503-510, August.
    2. Don P. Blayney & Ron C. Mittelhammer, 1990. "Decomposition of Milk Supply Response into Technology and Price-Induced Effects," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(4), pages 864-872.
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    Cited by:

    1. 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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