Factor Intensity and the Changing Commodity Composition of U.S. Agricultural Trade

Chinkook Lee and Michelle Robinson

No 308285, Agricultural Economic Reports from United States Department of Agriculture, Economic Research Service

Abstract: This report uses the 1977 and the recently released 1982 national Input-Output (I/O) accounts of the U.S. economy to examine factor intensities and associated patterns of U.S. agricultural trade. U.S. agricultural exports were found to be more land-intensive than U.S. agricultural imports. However, the commodity composition of these exports tends to change as the income of importing countries changes. Furthermore, the more similar the countries that import from the United States are, in terms of economic factors, and the higher their incomes, the greater the likelihood of intra-industry, or two-way, trade in high-value commodities such as meat products and fruits and vegetables.

Keywords: Agricultural Finance; International Relations/Trade; Labor and Human Capital; Land Economics/Use; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 19
Date: 1994-05
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerser:308285

DOI: 10.22004/ag.econ.308285

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