Master of Science
Department or Program
AN ABSTRACT OF THE RESEARCH PAPER OF
JACK STEICHEN, for the Master of Science degree in AGRIBUSINESS ECONOMICS,
presented on APRIL 25th, 2017 at Southern Illinois University Carbondale.
TITLE: ECONOMIC ANALYSIS OF LIVINGSTON COUNTY
MAJOR PROFESSOR: Dr. Ira Altman
This study develops an understanding of the impact the agriculture sector has on an economy at the local and state level. The economies analyzed in this study are Livingston County and Illinois. There are 11 sectors taken from each economy. The 11 sectors are farm earnings, agriculture services, mining, construction, manufacturing, transportation, wholesale trade, Retail Trade, (finance, insurance, and real estate), services, and (government and government enterprises). A couple different procedures are used to compare the impacts of each sector on the economy. Each method will show the direct impact that the agriculture sector has on its economy. A time series multiple regression model is performed to show the determinates of earnings by place of work in Livingston County from 1980-2000. Employment numbers from farm employment, manufacturing, services, wholesale trade, and mining are used as the explanatory variables to explain the changes in total earnings in Livingston County.