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Impact of Industry in Rural Economies: An Input-Output Approach

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  • Guedry, Leo J.
  • Smith, David W.

Abstract

Industrialization is an integral part of many rural community development programs across the country. Interest in attracting industry is often based on an ex ante assessment by local groups and officials of the positive benefits accruing to the community or area from industrialization. Obvious benefits to a local economy include increased output, income, and employment. Benefits occur in the form of purchases of labor and inputs by industry from endogenous sectors and the resulting local trade. A complete understanding of these benefits by local groups and officials in rural economies is essential for the planning of effective industrial development programs.

Suggested Citation

  • Guedry, Leo J. & Smith, David W., 1980. "Impact of Industry in Rural Economies: An Input-Output Approach," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 12(2), pages 19-24, December.
    • Handle: RePEc:cup:jagaec:v:12:y:1980:i:02:p:19-24_01
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    Cited by:

    1. Johnson, Thomas G., 1983. "On the Standardization of Input-Output Multipliers," 1983 Annual Meeting, July 31-August 3, West Lafayette, Indiana 279117, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Jordan, Jeffrey L. & Brooks, Rusty, 1984. "IO/EAM: An Input-Output Economic Assessment Model," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 16(2), pages 145-150, December.

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