IMPACTS OF CONCENTRATION IN HOG PRODUCTION ON ECONOMIC GROWTH IN RURAL ILLINOIS: AN ECONOMETRIC ANALYSIS
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This paper evaluates the impact of increasing concentration of the livestock sector on the economic welfare of rural Illinois. A pooled time-series, cross-sectional model is developed to study the dynamics of structural changes in hog production for the period 1981-1997. The model tests the efficient-market hypothesis on local rural economies.
Keywords: hog production, concentration, economic impacts, rural communities