EVALUATING THE IMPACTS OF AGRICULTURAL EXPORTS ON A REGIONAL ECONOMY

Agricultural exports are important to many regional economies, as is the case for agricultural exports wither 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.Agricultural exports, Holistic accuracy, IMPLAN, Input-output models, Processed exports, Community/Rural/Urban Development, International Relations/Trade,

Evaluting the Impact of Agricultural Exports on the Louisiana Economy (Bulletin #852)

A revised hybrid IMPLAN model of the Louisiana economy, based on its structure in 1985, was used to estimate the impact of agricultural exports on the state economy. This publication includes the results of the model, which should be useful to state policy makers and others concerned about the ability of foreign markets to generate economic activity in Louisiana.https://digitalcommons.lsu.edu/agcenter_bulletins/1047/thumbnail.jp

EVALUATING THE IMPACTS OF AGRICULTURAL EXPORTS ON A REGIONAL ECONOMY

Agricultural exports are important to many regional economies, as is the case for agricultural exports wither 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