The Dynamic Analysis of China's Agricultural Economic Growth

Wu Mingran; Zhao Min; Wu Zhaodan

doi:doi:10.11648/j.ijeee.20190406.11

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The Dynamic Analysis of China's Agricultural Economic Growth

Wu Mingran, Zhao Min, Wu Zhaodan

Published in International Journal of Economy, Energy and Environment (Volume 4, Issue 6)

Received: 15 October 2019 Accepted: 7 November 2019 Published: 4 December 2019

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Abstract

Based on time series data from 1990 to 2016, an empirical analysis examined the factors affecting China's agricultural economic growth by developing a vector auto-regressive model (VAR), impulse response function (IRF) and variance decomposition function (VD). The results show that Chinese agriculture lacks long-term support factor. During the study period, an increase in the fixed asset investment, the total agricultural machinery power, the amount of chemical fertilizer used, and the education level of the rural labor force contributed to agricultural economic growth. However, an increase in the size of the agricultural labor force and in the total area under cultivation was not conducive to agricultural economic growth. In addition, China's agricultural economic growth was overly dependent on financial investment, while the contribution of other factors was relatively small. China's agricultural economy clearly has experienced extensive development. Hence, in the next development period, the Chinese government needs to increase agricultural fixed asset investment and strengthen its oversight. In addition, the government needs to strengthen its support of agricultural mechanization, set reasonable limits on the use of chemical fertilizers and, more importantly, focus on improvement in the quality of agricultural products and the accumulation of human capital.

Published in	International Journal of Economy, Energy and Environment (Volume 4, Issue 6)
DOI	10.11648/j.ijeee.20190406.11
Page(s)	106-117
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Agricultural Economic Growth, Fixed Asset Investment, Agricultural Labor Force Size, Total Power of Agricultural Mechanization, Fertilizer Application Amount, Total Area Under Cultivation, Human Capital

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APA Style

Wu Mingran, Zhao Min, Wu Zhaodan. (2019). The Dynamic Analysis of China's Agricultural Economic Growth. International Journal of Economy, Energy and Environment, 4(6), 106-117. https://doi.org/10.11648/j.ijeee.20190406.11

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ACS Style

Wu Mingran; Zhao Min; Wu Zhaodan. The Dynamic Analysis of China's Agricultural Economic Growth. Int. J. Econ. Energy Environ. 2019, 4(6), 106-117. doi: 10.11648/j.ijeee.20190406.11

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AMA Style

Wu Mingran, Zhao Min, Wu Zhaodan. The Dynamic Analysis of China's Agricultural Economic Growth. Int J Econ Energy Environ. 2019;4(6):106-117. doi: 10.11648/j.ijeee.20190406.11

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@article{10.11648/j.ijeee.20190406.11,
  author = {Wu Mingran and Zhao Min and Wu Zhaodan},
  title = {The Dynamic Analysis of China's Agricultural Economic Growth},
  journal = {International Journal of Economy, Energy and Environment},
  volume = {4},
  number = {6},
  pages = {106-117},
  doi = {10.11648/j.ijeee.20190406.11},
  url = {https://doi.org/10.11648/j.ijeee.20190406.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijeee.20190406.11},
  abstract = {Based on time series data from 1990 to 2016, an empirical analysis examined the factors affecting China's agricultural economic growth by developing a vector auto-regressive model (VAR), impulse response function (IRF) and variance decomposition function (VD). The results show that Chinese agriculture lacks long-term support factor. During the study period, an increase in the fixed asset investment, the total agricultural machinery power, the amount of chemical fertilizer used, and the education level of the rural labor force contributed to agricultural economic growth. However, an increase in the size of the agricultural labor force and in the total area under cultivation was not conducive to agricultural economic growth. In addition, China's agricultural economic growth was overly dependent on financial investment, while the contribution of other factors was relatively small. China's agricultural economy clearly has experienced extensive development. Hence, in the next development period, the Chinese government needs to increase agricultural fixed asset investment and strengthen its oversight. In addition, the government needs to strengthen its support of agricultural mechanization, set reasonable limits on the use of chemical fertilizers and, more importantly, focus on improvement in the quality of agricultural products and the accumulation of human capital.},
 year = {2019}
}

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TY  - JOUR
T1  - The Dynamic Analysis of China's Agricultural Economic Growth
AU  - Wu Mingran
AU  - Zhao Min
AU  - Wu Zhaodan
Y1  - 2019/12/04
PY  - 2019
N1  - https://doi.org/10.11648/j.ijeee.20190406.11
DO  - 10.11648/j.ijeee.20190406.11
T2  - International Journal of Economy, Energy and Environment
JF  - International Journal of Economy, Energy and Environment
JO  - International Journal of Economy, Energy and Environment
SP  - 106
EP  - 117
PB  - Science Publishing Group
SN  - 2575-5021
UR  - https://doi.org/10.11648/j.ijeee.20190406.11
AB  - Based on time series data from 1990 to 2016, an empirical analysis examined the factors affecting China's agricultural economic growth by developing a vector auto-regressive model (VAR), impulse response function (IRF) and variance decomposition function (VD). The results show that Chinese agriculture lacks long-term support factor. During the study period, an increase in the fixed asset investment, the total agricultural machinery power, the amount of chemical fertilizer used, and the education level of the rural labor force contributed to agricultural economic growth. However, an increase in the size of the agricultural labor force and in the total area under cultivation was not conducive to agricultural economic growth. In addition, China's agricultural economic growth was overly dependent on financial investment, while the contribution of other factors was relatively small. China's agricultural economy clearly has experienced extensive development. Hence, in the next development period, the Chinese government needs to increase agricultural fixed asset investment and strengthen its oversight. In addition, the government needs to strengthen its support of agricultural mechanization, set reasonable limits on the use of chemical fertilizers and, more importantly, focus on improvement in the quality of agricultural products and the accumulation of human capital.
VL  - 4
IS  - 6
ER  -

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Author Information

Wu Mingran

School of Business, Hohai University, Nanjing, China
Zhao Min

School of Business, Hohai University, Nanjing, China
Wu Zhaodan

School of Business Administration, Hohai University, Changzhou, China

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Plain Text BibTeX RIS

APA Style

Wu Mingran, Zhao Min, Wu Zhaodan. (2019). The Dynamic Analysis of China's Agricultural Economic Growth. International Journal of Economy, Energy and Environment, 4(6), 106-117. https://doi.org/10.11648/j.ijeee.20190406.11

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ACS Style

Wu Mingran; Zhao Min; Wu Zhaodan. The Dynamic Analysis of China's Agricultural Economic Growth. Int. J. Econ. Energy Environ. 2019, 4(6), 106-117. doi: 10.11648/j.ijeee.20190406.11

Copy | Download

AMA Style

Wu Mingran, Zhao Min, Wu Zhaodan. The Dynamic Analysis of China's Agricultural Economic Growth. Int J Econ Energy Environ. 2019;4(6):106-117. doi: 10.11648/j.ijeee.20190406.11

Copy | Download

@article{10.11648/j.ijeee.20190406.11,
  author = {Wu Mingran and Zhao Min and Wu Zhaodan},
  title = {The Dynamic Analysis of China's Agricultural Economic Growth},
  journal = {International Journal of Economy, Energy and Environment},
  volume = {4},
  number = {6},
  pages = {106-117},
  doi = {10.11648/j.ijeee.20190406.11},
  url = {https://doi.org/10.11648/j.ijeee.20190406.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijeee.20190406.11},
  abstract = {Based on time series data from 1990 to 2016, an empirical analysis examined the factors affecting China's agricultural economic growth by developing a vector auto-regressive model (VAR), impulse response function (IRF) and variance decomposition function (VD). The results show that Chinese agriculture lacks long-term support factor. During the study period, an increase in the fixed asset investment, the total agricultural machinery power, the amount of chemical fertilizer used, and the education level of the rural labor force contributed to agricultural economic growth. However, an increase in the size of the agricultural labor force and in the total area under cultivation was not conducive to agricultural economic growth. In addition, China's agricultural economic growth was overly dependent on financial investment, while the contribution of other factors was relatively small. China's agricultural economy clearly has experienced extensive development. Hence, in the next development period, the Chinese government needs to increase agricultural fixed asset investment and strengthen its oversight. In addition, the government needs to strengthen its support of agricultural mechanization, set reasonable limits on the use of chemical fertilizers and, more importantly, focus on improvement in the quality of agricultural products and the accumulation of human capital.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - The Dynamic Analysis of China's Agricultural Economic Growth
AU  - Wu Mingran
AU  - Zhao Min
AU  - Wu Zhaodan
Y1  - 2019/12/04
PY  - 2019
N1  - https://doi.org/10.11648/j.ijeee.20190406.11
DO  - 10.11648/j.ijeee.20190406.11
T2  - International Journal of Economy, Energy and Environment
JF  - International Journal of Economy, Energy and Environment
JO  - International Journal of Economy, Energy and Environment
SP  - 106
EP  - 117
PB  - Science Publishing Group
SN  - 2575-5021
UR  - https://doi.org/10.11648/j.ijeee.20190406.11
AB  - Based on time series data from 1990 to 2016, an empirical analysis examined the factors affecting China's agricultural economic growth by developing a vector auto-regressive model (VAR), impulse response function (IRF) and variance decomposition function (VD). The results show that Chinese agriculture lacks long-term support factor. During the study period, an increase in the fixed asset investment, the total agricultural machinery power, the amount of chemical fertilizer used, and the education level of the rural labor force contributed to agricultural economic growth. However, an increase in the size of the agricultural labor force and in the total area under cultivation was not conducive to agricultural economic growth. In addition, China's agricultural economic growth was overly dependent on financial investment, while the contribution of other factors was relatively small. China's agricultural economy clearly has experienced extensive development. Hence, in the next development period, the Chinese government needs to increase agricultural fixed asset investment and strengthen its oversight. In addition, the government needs to strengthen its support of agricultural mechanization, set reasonable limits on the use of chemical fertilizers and, more importantly, focus on improvement in the quality of agricultural products and the accumulation of human capital.
VL  - 4
IS  - 6
ER  -

Copy | Download