Have China's Agricultural Growth Patterns Been Transformed: Based on Empirical Data from 31 Provinces During 1999—2016

LUO Hao-xuan

Volume 36 Issue 2

May 2021

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LUO Hao-xuan. Have China's Agricultural Growth Patterns Been Transformed: Based on Empirical Data from 31 Provinces During 1999—2016[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(2): 102-112.

Citation:

LUO Hao-xuan. Have China's Agricultural Growth Patterns Been Transformed: Based on Empirical Data from 31 Provinces During 1999—2016[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(2): 102-112.

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Have China's Agricultural Growth Patterns Been Transformed: Based on Empirical Data from 31 Provinces During 1999—2016

LUO Hao-xuan

School of Marxism, Chengdu University of Technology, Chengdu 610059, China

Received Date: 2020-04-24
Publish Date: 2021-03-28

Abstract

Abstract

If China's agricultural economy is to achieve a higher level of growth, it needs to be transformed from the Marx's growth type that relies on investment to the Kuznets' growth type that relies on technological progress. Based on the data in 31 provinces of China from 1999 to 2016 and the calculation of the organic composition of agricultural capital, rate of return on agricultural capital, growth rate of total factor productivity, it is found that the rapid increase in the stock of agricultural capital during the observation period led to a substantial increase in the organic composition of agricultural capital, which was in line with the basic characteristics of Marx's growth type; though the return of agricultural capital declined, the share of agricultural capital income in the eastern, central and northeastern regions of China converged at the same level of about 60%, which means that agricultural growth has entered a steady state without falling into the trap of Marx's growth type; based on the relationship of the total factor productivity of agriculture in the four regions with the growth rate of gross agricultural output, and the share of agricultural capital factor income, it can be inferred that the type of agricultural growth in China has been transformed to the Kuznets' growth type.

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References(19)

References

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