Where Is American Agriculture in Its "Life Cycle"?
The increasing globalization of agricultural markets in recent decades appears to be changing the economics of the American production agriculture sector, reducing its economic importance and raising questions about its life cycle. This study contributes to the product life cycle literature by creat...
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Western Agricultural Economics Association
2003-12-01
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| Series: | Journal of Agricultural and Resource Economics |
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| Online Access: | https://ageconsearch.umn.edu/record/31065 |
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doaj-362d882536844c0aa52b3d8c25be31662020-11-25T01:14:17ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82852003-12-0128339641810.22004/ag.econ.3106531065Where Is American Agriculture in Its "Life Cycle"?Steven C. BlankThe increasing globalization of agricultural markets in recent decades appears to be changing the economics of the American production agriculture sector, reducing its economic importance and raising questions about its life cycle. This study contributes to the product life cycle literature by creating tests of hypotheses about the economic life of American production agriculture. A methodology to test the hypotheses is proposed and then applied in an empirical analysis. In general, it appears that a new stage in American agriculture's life began during the 1973-1983 period. Finally, the results and their implications for the American production agriculture sector are discussed.https://ageconsearch.umn.edu/record/31065absolute advantagecomparative advantageglobal marketslife cycle model |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Steven C. Blank |
| spellingShingle |
Steven C. Blank Where Is American Agriculture in Its "Life Cycle"? Journal of Agricultural and Resource Economics absolute advantage comparative advantage global markets life cycle model |
| author_facet |
Steven C. Blank |
| author_sort |
Steven C. Blank |
| title |
Where Is American Agriculture in Its "Life Cycle"? |
| title_short |
Where Is American Agriculture in Its "Life Cycle"? |
| title_full |
Where Is American Agriculture in Its "Life Cycle"? |
| title_fullStr |
Where Is American Agriculture in Its "Life Cycle"? |
| title_full_unstemmed |
Where Is American Agriculture in Its "Life Cycle"? |
| title_sort |
where is american agriculture in its "life cycle"? |
| publisher |
Western Agricultural Economics Association |
| series |
Journal of Agricultural and Resource Economics |
| issn |
1068-5502 2327-8285 |
| publishDate |
2003-12-01 |
| description |
The increasing globalization of agricultural markets in recent decades appears to be changing the economics of the American production agriculture sector, reducing its economic importance and raising questions about its life cycle. This study contributes to the product life cycle literature by creating tests of hypotheses about the economic life of American production agriculture. A methodology to test the hypotheses is proposed and then applied in an empirical analysis. In general, it appears that a new stage in American agriculture's life began during the 1973-1983 period. Finally, the results and their implications for the American production agriculture sector are discussed. |
| topic |
absolute advantage comparative advantage global markets life cycle model |
| url |
https://ageconsearch.umn.edu/record/31065 |
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AT stevencblank whereisamericanagricultureinitslifecycle |
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