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

Published online by Cambridge University Press:  28 April 2015

D. W. Holland  and
R. P. Martin
D. W. Holland
Affiliation:
Washington State University, Pullman, Washington
R. P. Martin
Affiliation:
Washington State University, Pullman, Washington
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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.

Keywords

import substitutioninput-outputoutput changetechnical change

Information

Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 25 , Issue 2 , December 1993 , pp. 69 - 81
Copyright
Copyright © Southern Agricultural Economics Association 1993

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