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Evaluating the Impacts of Agricultural Exports on a Regional Economy

Published online by Cambridge University Press:  28 April 2015

Roman I. Bairak  and
David W. Hughes
Roman I. Bairak
Affiliation:
Department of Agricultural Economics and Agribusiness, Louisiana State University, Baton Rouge
David W. Hughes
Affiliation:
Department of Agricultural Economics and Agribusiness, Louisiana State University, Baton Rouge
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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.

Keywords

agricultural exportsholistic accuracyIMPLANinput-output modelsprocessed exports
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 28 , Issue 2 , December 1996 , pp. 393 - 407
Copyright
Copyright © Southern Agricultural Economics Association 1996

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