Tey, (John) Yeong-Sheng (2008): The Relative Decline of Agriculture in China.
Download (59Kb) | Preview
This paper attempts to determine the impacts of three major factors: (a) price changes, (b) factor endowment changes, and (c) technological change on the relative decline of agriculture in China. However, the results suggest that only the price ratio has significant and positive impact on agriculture’s GDP share in China. Nevertheless, the variable of the price ratio explains the model well with about 99 percent of R2 value. The irrelatedness of other variables may require further investigation and explanation.
|Item Type:||MPRA Paper|
|Original Title:||The Relative Decline of Agriculture in China|
|Keywords:||Relative decline, agriculture, price ratio|
|Subjects:||O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products|
|Depositing User:||(John) Yeong-Sheng TEY|
|Date Deposited:||07. May 2009 00:10|
|Last Modified:||11. Feb 2013 20:44|
Dixit, A.K. and Norman, V. (1980). Theory of International Trade, Cambridge University Press, Cambridge.
Food and Agricultural Organization of the United Nations (2008).
Harrigan, J. (1997). Technology, Factor Supplies, and International Specialization: Estimating the Neoclassical Model, The American Economic Review, 87 (4): 475-494.
López, R. (1985). Structural Implications of a Class of Flexible Functional Forms for Profit. Functions, International Economic Review, 26(3): 593-601.
Kohli, U. (1978). A Gross National Product Function and the Derived Demand for Imports and Supply of Exports, Canadian Journal of Economics, 11 (2): 167-182.
Martin, W. and Warr, P.G. (1993). Explaining the Relative Decline of Agriculture: A Supply-Side Analysis for Indonesia, World Bank Economics Review, 7: 381-401.
Sun, L., Fulginiti, L.E. and Peterson, E.W. (2007). Accounting for Agricultural Decline with Economic Growth in Taiwan, Agricultural Economics, 36 (2): 181-190, 03.
United States Department of Agriculture - USDA (2008).
Woodland A.D. (1977). Estimation of a Variable Profit and of Planning Price Functions for Canadian Manufacturing, 1947-70, Canadian Journal of Economics, 10(3): 355-77.