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 ME  Vol.4 No.9 , September 2013
Finding Externalities: An Empirical Study on the US Agricultural Industry
Abstract: This paper searches for another empirical evidence supporting positive externalities from higher education. Using state-level US data on agriculture and IT industries, we find that there are positive spillover effects from more-knowledge intensive workers in the IT industry to less-knowledge intensive workers in the agricultural industry. According to our empirical findings, one well-educated IT worker generates and contributes $11,000 to the agricultural industry, which implies that the benefits of higher education are diffused from education beneficiaries to the other member of society.
Cite this paper: C. Kim and G. Lim, "Finding Externalities: An Empirical Study on the US Agricultural Industry," Modern Economy, Vol. 4 No. 9, 2013, pp. 592-595. doi: 10.4236/me.2013.49063.
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