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Constrained Input-Output Simulations of Energy Restrictions in the Food and Fiber System

J. B. Penn and George D. Irwin

No 307525, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: The energy shortages of the recent past have prompted a keen awareness of the pervasiveness of direct and indirect energy utilization in the domestic economy. Analysis of the relationship of energy to various components of the economic system requires treatment of the components in a total economic setting. Since the United States has a consistent set of national income accounts and their production account transforms into a sectoral input-output (I/O) tableau, I/O techniques appear to be a feasible way of incorporating this interrelatedness. The model utilized in this study is the readily available I/O construct incorporated into a linear programming framework and appended with BTU energy requirements and employment and value-added data. The impacts of energy resource shortages are explored for a representation of the food and fiber system in the context of sector interdependence.

Keywords: Agricultural and Food Policy; Research Methods/Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 19
Date: 1977-02
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:307525

DOI: 10.22004/ag.econ.307525

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