The Effect of Agricultural Fixed Asset Investment on the Productivity in China

Authors

  • Wenxia Wang, Hengyun Ma, Mingguo Gao

Abstract

This article tests empirically the impact of agricultural fixed asset investment on agricultural productivity. By using a provincial panel data of China from 2003 to 2016 with multiple models and proxy variables, the result shows that agricultural fixed asset investment effects on agricultural productivity significantly. The technical progressing effect of investment is positive and persistent. The effect of investment on productivity in grain-growing provinces is more significant. The effect of investment on productivity in central region is stronger. Farmers’ educational level has a clear effect on productivity. Industrial structure upgrading, natural disasters do not contribute to productivity.

Published

2020-02-28

Issue

Section

Articles