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Macroeconomic Impacts of U.S. Farm and Nutrition Programs

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Publicat a:Journal of Agricultural and Resource Economics vol. 44, no. 3 (Sep 2019), p. 624
Autor principal: Reimer, Jeffrey J
Altres autors: Weerasooriya, Senal
Publicat:
Western Agricultural Economics Association
Matèries:
United States > US
Legislation
Households
Agriculture
Nutrition
Economic models
Statistical analysis
Farms
Computer simulation
Expenditures
Agricultural products
Food
Agricultural economics
Agronomy
Economic analysis
International trade
Macroeconomics
Taxation
Economic development
Tax rates
Propensity to consume
Consumption
Taxes
Social accounting
Econometrics
Equilibrium
Low income groups
Beneficiaries
Supplemental Nutrition Assistance Program
Economic
Accés en línia:Citation/Abstract
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Resum:This study estimates the economy-wide impacts of two components of U.S. federal spending- nutrition programs and farm support programs-using an applied general equilibrium model. Both programs slightly reduce overall economic output and have important distributional effects. Farm programs reduce expenditures on a wide array of goods and services throughout the economy, including agricultural products, primarily since the programs reduce the spending power of taxpayers in general. Nutrition programs also reduce expenditures for some goods and services but raise the demand for agricultural products as well certain sectors for which the marginal propensity to consume is high among low-income households.
ISSN:1068-5502
2327-8285
0162-1912
DOI:10.22004/ag.econ.292335
Font:ABI/INFORM Global