Economic Impacts of Connecticut’s Agricultural Industry

Rigoberto Lopez, Deepak Joglekar, Chen Zhu, Peter Gunther and Fred Carstensen ()

CCEA Studies from University of Connecticut, Connecticut Center for Economic Analysis

Abstract: In 2007 this analysis reveals that the total impact of Connecticut’s agricultural industry on the state economy ($212 billion Gross State Product) was up to $3.5 billion, measuring the value of agricultural output as statewide sales generated directly from the industry and through spillover effects on other industries. In addition, the industry contributes about $1.7 billion in value added, the difference between the value of output and the cost of raw materials, i.e., the money left in the hands of residents and business taxes, both of which stay in Connecticut. An additional model is a statistical model of the entire state economy that measures agriculture’s importance by estimating the loss of output and jobs if the sector were removed from the state’s economy.

Keywords: agriculture value-add (search for similar items in EconPapers)
JEL-codes: Q1 R1 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2010-09
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uct:cceast:2010-sep-01

Access Statistics for this paper

More papers in CCEA Studies from University of Connecticut, Connecticut Center for Economic Analysis University of Connecticut 2100 Hillside Road, Unit 1240 Storrs, CT 06269-1240. Contact information at EDIRC.
Bibliographic data for series maintained by Fred Carstensen ().