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More Than Food On The Table: Agriculture'S True Contribution To The Economy

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  • Trejos, Rafael
  • Segura, Oswaldo
  • Arias, Joaquin

Abstract

Agriculture is something more than crops and food: nowadays all countries regard it as a strategic asset. Agriculture's performance and its contribution to our countries' economic development has traditionally been undervalued, since it is measured using information about harvests and the sale of raw materials, mainly crops and livestock. As a result, the backward and forward linkages with agro-industry, the services and trade sectors and, in general, the rest of the economy, are undervalued. The aim of this study was to develop a methodology to estimate agriculture's true contribution to economic development for 11 countries in the Americas. This methodology empirically addresses the concept of extended agriculture; calculates agricultural linkages; and simulates the impact of agriculture on the countries' overall economic activity.

Suggested Citation

  • Trejos, Rafael & Segura, Oswaldo & Arias, Joaquin, 2004. "More Than Food On The Table: Agriculture'S True Contribution To The Economy," 2004 Annual meeting, August 1-4, Denver, CO 20360, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20360
    DOI: 10.22004/ag.econ.20360
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    References listed on IDEAS

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    3. Defourny, Jacques & Thorbecke, Erik, 1984. "Structural Path Analysis and Multiplier Decomposition within a Social Accounting Matrix Framework," Economic Journal, Royal Economic Society, vol. 94(373), pages 111-136, March.
    4. Javier Ferri & Ezequiel Uriel, 2000. "Multiplicadores contables y análisis estructural en la matriz de contabilidad social. Una aplicación al caso español," Investigaciones Economicas, Fundación SEPI, vol. 24(2), pages 419-453, May.
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    Cited by:

    1. Gert-Jan Stads & Nienke M. Beintema, 2009. "Public Agricultural Research in Latin America and the Caribbean: Investment and Capacity Trends," IDB Publications (Working Papers) 33378, Inter-American Development Bank.

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