OUTPUT CHANGE IN U.S. AGRICULTURE: AN INPUT-OUTPUT ANALYSIS

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.


Issue Date:
1993-12
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/15040
PURL Identifier:
http://purl.umn.edu/15040
Published in:
Journal of Agricultural and Applied Economics, Volume 25, Number 2
Page range:
69-81
Total Pages:
13




 Record created 2017-04-01, last modified 2018-01-22

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