Agricultural Economics & Economics

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Situated jointly within MSU's College of Agriculture and College of Letters and Sciences, our department offers a unique opportunity for students with diverse interests to learn skills in critical analysis, logical problem solving, data and policy analysis, written and oral communication, business management. We train individuals who will make a big difference in the world by applying solid critical thinking skills. Our award-winning faculty has expertise in a wide variety of fields. We conduct cutting-edge research and teach a myriad of courses.

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Start date: 2020search.filters.applied.f.department: search.filters.department.Agricultural Economics & Economics

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    Determinants of crop diversification and its impact on farmers' income: A case study in Rangpur District, Bangladesh
    (Wiley, 2024-09) Islam, Md Sayemul; Jahan, Hasneen; Sultana Ema, Nishat; Ahmed, Md. Rubel
    Background. In the face of rising global food demand, climate change, and economic uncertainties, crop diversification has emerged as a crucial tool for achieving both economic and environmental sustainability. In Bangladesh, where the economy heavily relies on agriculture, crop diversification can play a vital role in enhancing farmers' livelihoods and domestic food production. Results. This study focuses on Rangpur district, an agricultural hub in Bangladesh, analyzing data from 122 farmers to assess the status, determinants, and effects of crop diversification. The Simpson Diversification Index (SDI) analysis revealed that 29% and 68% of the farmers exhibit very high and high degrees of crop diversification, respectively. The Tobit model identified significant drivers of crop diversification, including education, household size, farming experience, non-farm income, mobile phone information access, experience with climatic shocks, and land type. Additionally, the Log-Linear model indicated that each unit increase in the SDI score corresponds to a 2.41% increase in farmers' income. Conclusion. The study demonstrates that crop diversification is a key strategy for enhancing economic sustainability and increasing income among farmers in Bangladesh. By improving both economic outcomes and resilience, crop diversification supports sustainable agricultural practices in the region.
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    The Returns to Public Library Investment
    (American Economic Association, 2024-05) Gilpin, Gregory; Karger, Ezra; Nencka, Peter
    Local governments spend over $12 billion annually funding the operation of 15,427 public libraries in the United States, yet we know little about their effects. We use data describing the near universe of public libraries to show that public library capital investment increases library visits, children's attendance at library events, and children's circulation by an average of 5–15 percent in the years following investment. Increases in library use translate into improved test scores in nearby school districts: a $200 or greater per student capital investment in local public libraries increases reading test scores by 0.01–0.04 standard deviations in subsequent years.
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