The Relative Decline of Agriculture in China

Tey, (John) Yeong-Sheng (2008): The Relative Decline of Agriculture in China.

Abstract

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
• Language: English
• Keywords: Relative decline, agriculture, price ratio
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture ; Natural Resources ; Energy ; Environment ; Other Primary Products

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