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1 results

  • Evaluating the Impacts of Agricultural Exports on a Regional Economy

  • Roman I. Bairak, David W. Hughes
  • Journal:
    Journal of Agricultural and Applied Economics / Volume 28 / Issue 2 / December 1996
    Published online by Cambridge University Press:
    28 April 2015, pp. 393-407

  • 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.