Impact of Public Infrastructure on Output of U.S. Food Manufacturing Industries: A Heterogeneous Dynamic Panel Approach. Issue 4 (2nd March 2016)

• Record Type: Journal Article
• Authors: Tong, Tingting; Yu, T. Edward; Jensen, Kimberly; De La Torre Ugarte, Daniel; Cho, Seong‐Hoon
• Is Part Of: Agribusiness. Volume 32:Issue 4(2016)
• Page Start: 439
• Page End: 453
• Publication Date: 2016-03-02
• Subjects: Agriculture -- Economic aspects -- Periodicals; Agriculture -- Finance -- Periodicals; Agricultural industries -- Periodicals; Agriculture -- Economic aspects -- United States -- Periodicals; Agriculture -- United States -- Finance -- Periodicals; Agricultural industries -- United States -- Periodicals; 338.1
• DOI: 10.1002/agr.21455
• Languages: English
• ISSNs: 0742-4477

Abstract

ABSTRACT: This study analyzes the long‐run impacts of public infrastructure on output of 34 U.S. food manufacturing/processing industries during 1958–2000 using heterogeneous dynamic panel methods, including mean group and pooled mean group methods. The results suggest that public infrastructure has a long‐term output impact across U.S. food manufacturing and processing industries. A 1% increase in public infrastructure increases U.S. food manufacturing output by 0.06% in the long run. The long‐run positive impact of public infrastructure on food output suggests its importance to the food manufacturing sector of continuous public infrastructure investment [EconLit citations: Q13; H54; C33].