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has been cited by the following article:

• TITLE: Finding Externalities: An Empirical Study on the US Agricultural Industry

  AUTHORS: Chong-Uk Kim, Gieyoung Lim

  KEYWORDS: Externality; Spillover Effects; Higher Education

  JOURNAL NAME: Modern Economy, Vol.4 No.9, September 5, 2013

  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.