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Multimarket Effects of Technological Change

Author

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  • Fred C. White
  • A.A. Araji

Abstract

A technological change associated with the production of one commodity can affect the production and price of that commodity as well as related commodities. Hence, the impact of a technological change can spill over into other markets through price effects on inputs, outputs, complements, and substitutes. This article examines the impacts of technological changes in related markets. An empirical application of the analytical framework is applied to the U.S. beef and pork sectors. Cross-market effects of technological change for these commodities are important. These results imply that research allocation decisions should take cross-market effects into account.

Suggested Citation

  • Fred C. White & A.A. Araji, 1991. "Multimarket Effects of Technological Change," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 13(1), pages 99-107.
    • Handle: RePEc:oup:revage:v:13:y:1991:i:1:p:99-107.
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    File URL: http://hdl.handle.net/10.2307/1349560
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    Cited by:

    1. Araji, A. A. & Hafez, S., 2001. "The Economic And Environmental Impacts Of Investment In Agricultural Biotechnology Research," A.E. Research Series 305028, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    2. Araji, A. A., 2001. "Functions, Resource Allocation, And The Productivity Of The State Agricultural Experiment Station," A.E. Research Series 305027, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    3. Araji, A. A. & Guenthner, J., 2002. "Genetically Modified (Gm) Foods: Consumers' And Producers' Perceptions And The Economic - Environmental Benefits," A.E. Research Series 305032, University of Idaho, Department of Agricultural Economics and Rural Sociology.

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