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Evaluating the Impacts of Agricultural Exports on a Regional Economy

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  • Bairak, Roman I.
  • Hughes, David W.

Abstract

Agricultural exports are important to many regional economies, as is the case for agricultural exports either produced in or shipped through Louisiana. A hybrid (revised and verified) IMPLAN model of the Louisiana economy is used to estimate the direct and indirect impact of agricultural exports. Original model estimates of foreign exports lacked holistic (overall) accuracy. However, other, more general uses of the model were unaffected by this lack of accuracy. While the contributions of agricultural exports to the state economy were substantial, impacts were concentrated in unprocessed products. Increasing the export of processed agricultural products should enhance economic activity.

Suggested Citation

  • Bairak, Roman I. & Hughes, David W., 1996. "Evaluating the Impacts of Agricultural Exports on a Regional Economy," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 28(2), pages 393-407, December.
    • Handle: RePEc:cup:jagaec:v:28:y:1996:i:02:p:393-407_00
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    References listed on IDEAS

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    1. Schluter, Gerald & Edmondson, William, 1994. "USDA's Agricultural Trade Multipliers: A Primer," Agricultural Information Bulletins 309713, United States Department of Agriculture, Economic Research Service.
    2. Burfisher, Mary & Missiaen, Margaret, 1990. "Developing Countries' High-Value Agricultural Trade: Implications for U.S. Exports," Agricultural Information Bulletins 309568, United States Department of Agriculture, Economic Research Service.
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    1. Hakan Uslu & Larry Teeter, 2017. "Shutdown Decision of Firms Based on Variable Costs and Demand," The American Economist, Sage Publications, vol. 62(1), pages 43-65, March.
    2. James Yoo, 2015. "The Economic Impacts of the Change in Sectoral Water Use in Maricopa County, Arizona: Modified Input-Output Approach," Proceedings of International Academic Conferences 2804932, International Institute of Social and Economic Sciences.
    3. Upendram, Sreedhar & LaFerney, Preston E. & Miller, Wayne P. & Popp, Jennie S. Hughes & Rainey, Daniel V., 2004. "Economic Impact Evaluation Of Global Marketing Support Services - An Exports Assistance Program On The Economy Of Arkansas," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34622, Southern Agricultural Economics Association.
    4. Loizou, Efstratios & Mattas, Konstadinos & Rozakis, Stelios & Tzouvelekas, Vangelis, 2005. "Policy Decisions Evaluation in Agriculture Employing Input-Output Techniques: The Case of Tobacco Sector Regime Reform," 89th Seminar, February 2-5, 2005, Parma, Italy 234614, European Association of Agricultural Economists.
    5. Loizou, Efstratios & Karelakis, Christos & Galanopoulos, Konstantinos & Mattas, Konstadinos, 2019. "The role of agriculture as a development tool for a regional economy," Agricultural Systems, Elsevier, vol. 173(C), pages 482-490.
    6. James Yoo & Charles Perrings, 2017. "Modeling the short-run costs of changes in water availability in a desert city: a modified input-output approach," International Review of Applied Economics, Taylor & Francis Journals, vol. 31(4), pages 549-564, July.
    7. Anastasios Michailidis & Efstratios Loizou & Konstadinos Mattas & Aikaterini Melfou, 2006. "Agro-Food Dynamics in a Region's Growth," ERSA conference papers ersa06p854, European Regional Science Association.
    8. Kebede, Ellene & Ngandu, Mudiayi Sylvain, 1999. "The Economic Impact Of The Mercedes Benz Investment On The State Of Alabama," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(2), pages 1-12, August.

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