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Agricultural Economics as a Poster Child of Applied Economics: Big Data & Big Issues

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  • David Zilberman

Abstract

Agricultural economists have embodied the notions of applied economics for a long time. They have used economic principles to address real-world problems, integrating economics and scientific knowledge. Applied economics tends to be multidisciplinary and develop applied concepts, theories, and tools. Some, like human capital, diffusion of innovation, contingent valuation, and numerous numerical and econometric techniques have spread throughout economics. Agricultural economic research has been data intensive, and improved information technologies strengthen this tendency. Yet data without theory is of limited use and coevolution of theory and data are essential. Empirical analysis should incorporate quantitative information as well as narratives. We are challenged to understand the coevolution of business, supply chains, and technology, and how they are affected by policies and affect markets. Research should integrate agriculture, energy, and the environment and develop tools to analyze and regulate the emerging bio-economy integrating biotech and infotech.

Suggested Citation

  • David Zilberman, 2019. "Agricultural Economics as a Poster Child of Applied Economics: Big Data & Big Issues," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 101(2), pages 353-364.
    • Handle: RePEc:oup:ajagec:v:101:y:2019:i:2:p:353-364.
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    File URL: http://hdl.handle.net/10.1093/ajae/aay101
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    Citations

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    Cited by:

    1. Dawn Thilmany, 2021. "Rebalancing Our Portfolio: Envisioning a More Inclusive, Altruistic, and Engaged AAEA," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(2), pages 408-421, March.
    2. Peijia Wang & Ping Wang, 2022. "Spatio-Temporal Evolution of Land Use Transition in the Background of Carbon Emission Trading Scheme Implementation: An Economic–Environmental Perspective," Land, MDPI, vol. 11(3), pages 1-21, March.
    3. Tobias Dalhaus & Linda Steinhübel & Bernhard Dalheimer & Liesbeth Colen, 2024. "The future of research on sustainable food systems: Building an early‐career network of agricultural economists in Europe," Agribusiness, John Wiley & Sons, Ltd., vol. 40(2), pages 319-324, April.
    4. Leonardo Cei & Edi Defrancesco & Gianluca Stefani, 2022. "What topic modelling can show about the development of agricultural economics: evidence from the Journal Citation Report category top journals," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 49(2), pages 289-330.
    5. Amir Heiman & Joel Ferguson & David Zilberman, 2020. "Marketing and Technology Adoption and Diffusion," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(1), pages 21-30, March.
    6. Louise O Fresco & Floor Geerling-Eiff & Anne-Charlotte Hoes & Lan van Wassenaer & Krijn J Poppe & Jack G A J van der Vorst, 2021. "Sustainable food systems: do agricultural economists have a role? [Interdisciplinary collaboration between natural and social sciences–status and trends exemplified in groundwater research]," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 48(4), pages 694-718.
    7. Keith H. Coble, 2020. "Relevant and/or Elegant Economics," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(2), pages 392-399, March.

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