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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