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Impact of Industry in Rural Economies: An Input-Output Approach

Published online by Cambridge University Press:  28 April 2015

Leo J. Guedry  and
David W. Smith
Leo J. Guedry
Affiliation:
Department of Agricultural Economics and Agribusiness, Louisiana State University
David W. Smith
Affiliation:
Department of Mathematical Sciences, North Dakota State University
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Extract

Industrialization is an integral part of many rural community development programs across the country. Interest in attracting industry is often based on an ex ante assessment by local groups and officials of the positive benefits accruing to the community or area from industrialization. Obvious benefits to a local economy include increased output, income, and employment. Benefits occur in the form of purchases of labor and inputs by industry from endogenous sectors and the resulting local trade. A complete understanding of these benefits by local groups and officials in rural economies is essential for the planning of effective industrial development programs.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 12 , Issue 2 , December 1980 , pp. 19 - 24
Copyright
Copyright © Southern Agricultural Economics Association 1980

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References

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