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- W3146291252 abstract "Rising fuel prices and government policy have caused a sharp increase in demand for biofuels in the United States. To meet this increased demand, biofuel plants are being built throughout the grain belt. Due to their reliance on farm products for inputs, nearly all biofuel plants are situated in rural communities proximate to grain supplies. As the biofuel industry continues to grow and plants are built throughout the grain belt economists have become increasingly interested in the impacts these new plants have on rural communities. Changes in the labor market are of special importance in evaluating rural development. A primary obstacle for most rural communities is the lack of job opportunities outside the farm sector, where labor requirements continue to diminish. A tool commonly used by many economists to predict the labor impact of new biofuel plants is Input-output (I-O) analysis. Given estimates of direct economic impacts (the original economic shock), software such as Impact Analysis for Planning (IMPLAN) estimates endogenous linkages between production, labor and capital income, trade, and household expenditures providing estimated effects on sector output, value added, household income, and employment (MIG, 1999). The process captures not only the" @default.
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- W3146291252 date "2008-01-01" @default.
- W3146291252 modified "2023-09-23" @default.
- W3146291252 title "Are Biofuels Revitalizing Rural Economies? Projected Versus Actual Labor Market Impacts in the Great Plains" @default.
- W3146291252 hasPublicationYear "2008" @default.
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